The 2023-24 Budget
At this critical time, we need to direct more resources to relieve people’s hardship and provide SMEs with some breathing space so as to stabilise the economy and maintain public confidence. This is also what the general public expect of the Government. With this in mind, this year’s Budget will continue to adopt an expansionary fiscal policy with initiatives mainly focusing on four areas:
(a) supporting an all-out effort to win the fight against the epidemic;
(b) relieving the hardship of our people and SMEs;
(c) rendering support to the struggling economy and fostering post-epidemic economic revival; and
(d) investing for the future by planning ahead for the medium- and long-term development of our economy.