Government Expecting Record Deficit Due To Covid-19

Chief Secretary Matthew Cheung on Sunday said the government is expecting to record its highest ever deficit for this financial year, as the Covid-19 outbreak deals an unprecedented blow to the local economy.

Writing in his blog, Cheung said the government is preparing to roll out another round of epidemic relief measures, but the administration will use public money prudently.

He said there will be appropriate measures to help affected businesses and citizens overcome the challenges.

Cheung also said that under the strain of the epidemic, it's of paramount importance the government and Legislative Council work together - and he urged lawmakers to put aside their differences for the good of everyone in the coming year.

The Chief Secretary also said education authorities will announce as soon as possible when it's considered safe to let students return to school campuses.