Hong Kong to Hand Out New Spending Vouchers

The video discusses the unexpected continuation of Hong Kong's $5000 voucher program, which surprised many economists who thought the city was moving away from such stimulus measures. This decision contributes to Hong Kong's ongoing fiscal deficit, contrary to expectations of a return to surplus. The budget did not address foreign talent attraction, a key concern for re-establishing Hong Kong as an international finance hub. Although a new visa program was previously announced, it was not a major focus in the current budget.

What was the unexpected element in Hong Kong's budget that surprised many economists?

• Increase in foreign investment

• Reduction in public spending

• Introduction of $5000 vouchers

• A new tax increase

What was the primary purpose of the $5000 vouchers announced in the budget?

• To attract foreign talent

• To reduce the fiscal deficit

• To stimulate spending during the pandemic

• To increase foreign investment

What fiscal outcome did economists expect for Hong Kong this year?

• A significant surplus

• A slight surplus

• A balanced budget

• A larger deficit

What was notably absent from the budget regarding Hong Kong's position as a finance hub?

• New infrastructure projects

• Tax cuts for residents

• Financial incentives for foreign talent

• Incentives for local businesses

What was the focus of the new visa program mentioned in the budget?

• Reducing unemployment

• Supporting local businesses

• Attracting foreign talent

• Encouraging tourism