{"id":300591,"date":"2026-02-20T07:12:09","date_gmt":"2026-02-20T07:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/300591\/"},"modified":"2026-02-20T07:12:09","modified_gmt":"2026-02-20T07:12:09","slug":"hong-kong-budget-2026-27-beyond-balancing-the-books-whats-at-stake","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/300591\/","title":{"rendered":"Hong Kong budget 2026-27: beyond balancing the books, what\u2019s at stake?"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Simon Leung has been without a full-time job since his contract ended in March 2024, after the Hong Kong government cut its budget for NGOs by 7 per cent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The social work event coordinator, who is in his late forties, now makes ends meet through gig jobs.<\/p>\n<p>With word spreading that the city\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/hong-kong-budget-2026-27?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">coming budget<\/a> will yield an early operating surplus, he wants Financial Secretary <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/paul-chan?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Paul Chan Mo-po<\/a> to restore funding for non-governmental organisations so retrenched workers like him can be hired again.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThey should increase the budget back to the previous level,\u201d the civil engineering graduate from Queen\u2019s University in Canada told the South China Morning Post.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Like other Hongkongers, Leung hopes his sector will receive attention in next Wednesday\u2019s budget.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Yet, others question whether such relief measures ought to be weighed against plans for the longer-term future riddled with uncertainty. Even short-term measures, they argued, must be plugged into the big picture of the city\u2019s ambitions \u2013 to stay ahead as an international financial centre while ensuring a liveable, affordable home for its residents.<\/p>\n<p>From deficit to sound fiscal health<\/p>\n","protected":false},"excerpt":{"rendered":"Simon Leung has been without a full-time job since his contract ended in March 2024, after the Hong&hellip;\n","protected":false},"author":2,"featured_media":300592,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[151700,97546,151693,114,1657,151696,184,151699,25063,3448,25059,151698,85,46,151697,6122,6126,151694,151695],"class_list":{"0":"post-300591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anthony-lam-sai-ho","9":"tag-basic-law","10":"tag-billy-mak-sui-choi","11":"tag-business","12":"tag-china","13":"tag-deloitte-china","14":"tag-economy","15":"tag-exchange-fund","16":"tag-financial-secretary-paul-chan-mo-po","17":"tag-hong-kong","18":"tag-hong-kong-monetary-authority","19":"tag-hong-kong-shue-yan-university","20":"tag-il","21":"tag-israel","22":"tag-karina-wong","23":"tag-lau-siu-kai","24":"tag-lee-shu-kam","25":"tag-non-governmental-organisations","26":"tag-simon-leung"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/300591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=300591"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/300591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/300592"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=300591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=300591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=300591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}