HONG KONG -- Hong Kong's spending will hit an all-time high this fiscal year, pushing the city into a budget deficit, as it rolls out tax breaks and handouts to ease the pain of tighter COVID-19 measures, its financial chief said Wednesday.
Coronavirus
Hong Kong flags deficit to pay for COVID-19 battle
Government rolls out tax breaks, handouts to ease pain of tighter virus measures
Hong Kong is turning public housing estates into mass quarantine facilities as it battles the city's worst virus outbreak. © Reuters
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