Financial Secretary Paul Chan Mo-po presented the 2023/24 Budget on 22 February with the theme ‘Leaping forward steadily, together we bolster prosperity under our new vision’. The Budget outlines the Government’s latest tax and fiscal policy directions, support measures and resource allocation to pursue economic growth, move to high-quality development and relieve the community’s burden.
Estimated consolidated deficit of HK$139.8bn for 2022/23 and forecast consolidated deficit HK$54.4bn for 2023/24
A series of campaigns including ‘Hello Hong Kong’ and ‘Happy Hong Kong’ for attracting overseas visitors and general public to support people and enterprises, and boost the momentum of our economic revival
The Kau Yi Chau Artificial Island provides around four million square metres of commercial gross floor area and about 200,000 jobs
Introduce a new Capital Investment Entrant Scheme to enrich the talent pool and attract more new capital to Hong Kong
Allocate HK$100mn over the next three years, and implement a tax concession for attracting more family offices to Hong Kong
Issue HK$5,000 electronic consumption vouchers to each Hong Kong permanent resident and new arrival aged 18 or above
The Financial Secretary’s well-calibrated Budget includes both short-term measures to address pressing issues and strategic long-term initiatives to elevate Hong Kong’s competitiveness, and takes into account concerns and recommendations from the public. Efficient and effective implementation of the proposed measures will allow Hong Kong to flourish in the global market.
Check out viewpoints from our industry leaders on financial services, technology, digitalisation, infrastructure projects, capital markets, and aviation for elevating Hong Kong's competitive edge.
The information in this booklet is based on taxation laws and practices as of 22 February 2023 and incorporates legislative proposals and measures contained in the 2023/24 Hong Kong Budget announced on the same date.
Note: Legislative proposals do not become law until their enactment and may be modified by the Legislative Council before being enacted.