Hong Kong budget must be ‘prudent’, balance social needs and reserves: Paul Chan
South China Morning Post
by Oscar LiuFebruary 22, 2026
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Hong Kong's Financial Secretary Paul Chan Mo-po has emphasized the importance of fiscal prudence as he prepares to present the 2026-27 budget. He stressed the need to carefully balance social needs with maintaining adequate reserves to address unforeseen challenges. This approach aims to ensure long-term financial stability while addressing immediate societal requirements. Chan also revealed the purple cover of the upcoming budget, symbolizing Hong Kong's growing economic momentum despite a volatile global environment.
The budget presentation comes at a critical time for Hong Kong, as it seeks to navigate economic uncertainties. The finance chief highlighted the need for careful planning and resource management to support both social programs and emergency funds. This balanced approach is intended to foster sustainable growth and resilience in the face of external shocks. By
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Originally published on South China Morning Post on 2/22/2026