Hong Kong’s budget must help those who need it most
South China Morning Post
by Alice WuFebruary 22, 2026
AI-Generated Deep Dive Summary
This year's Hong Kong budget has been met with an unusual lack of fanfare compared to previous years. Typically, the weeks leading up to the annual budget speech are filled with intense lobbying and petitions from various groups vying for a share of government funds. However, this time around, there has been a noticeable calm. The article suggests that this could be due to the lingering optimism from the Lunar New Year celebrations, which are often associated with good fortune and prosperity. Alternatively, it might also be influenced by the concurrent start of both Lenten season and Ramadan, which promote themes of selflessness and restraint.
The absence of usual pre-budget clamor is a notable shift from past years when groups actively campaigned for specific allocations. These campaigns often highlighted issues such as social welfare, infrastructure development, and economic reforms. This year’s relative quiet could reflect a broader societal mood shaped by the Lunar New Year’s hopeful energy or the introspective nature of religious observances during Lent and Ramadan. The article speculates that these factors might have tempered public demands for immediate spending, fostering a more restrained approach to government budgeting.
This subtle shift in public sentiment toward less selfishness could have significant implications for Hong Kong’s budget priorities. If the government chooses to align with this mood by focusing on compassionate spending, it may prioritize social services and equitable policies over other interests. This would not only reflect societal values but also set an example globally, particularly as Hong Kong remains a key player in Asia’s economic landscape. The outcome of this year’s budget could therefore serve
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Originally published on South China Morning Post on 2/22/2026