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Hong Kong’s Strategic Fiscal Overhaul: AI at the Helm

By: Atul Chaturvedi

Date:

February 26, 2025 9:44 AM

In an assertive move to tackle rising fiscal challenges, Hong Kong announced its aim to reduce public recurrent expenditure by 7% through to 2027/28. The city’s Financial Secretary, Paul Chan, highlighted this strategy in the latest budget release, emphasizing its vital role in restoring fiscal balance amid global economic uncertainties.

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Atul Chaturvedi

Atul Chaturvedi boasts over 25 years of experience in the media industry, having held positions at esteemed organizations such as Republic TV, Times Network's Mirror Now News Channel, Times of India, Bangalore Mirror, Rajasthan Patrika Hindi newspaper, and Sakal newspaper.

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