FS Hints At Budget Boost For Medical Sector

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-02-25 HKT 12:08

Share this story

facebook

  • Paul Chan is expected to ignore calls for cash handouts in Wednesday's budget. Photo: RTHK

    Paul Chan is expected to ignore calls for cash handouts in Wednesday's budget. Photo: RTHK

The Financial Secretary, Paul Chan, says it may be the right time to strengthen the medical system while there's an abundance of public money.

He made the comment just days before announcing his budget, which was expected to come with a huge surplus.

Chan said such measures may not bring immediate results, but he said it would be even more difficult to make such plans during bad fiscal times.

While there've been calls for the government to give cash handouts, the secretary said planning for bad times doesn't mean ignoring today's needs.

Chan said people can expect measures in the budget that will give specific help to needy groups.

RECENT NEWS

ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education

ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more

Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets

The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more

Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation

Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more

MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending

MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more

Why The $2 Trillion Stablecoin Prediction Is Too Low

McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more

RedotPay Eyes US IPO With Potential US$1 Billion Raise

RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more