HK faces record deficit in 2008/09: Deloitte
Posted in Singapore News |
on 15 November 2008
Stats: and 8 Comments
Posted in Singapore News |
on 15 November 2008Stats: and 8 Comments
HONG KONG – Hong Kong is heading for a record HK$80 billion (US$10.3 billion) budget deficit for 2008/09 after offering tax concessions and handouts and as a weakening economy depresses public revenues, Deloitte forecast on Thursday. Analysts say Hong Kong’s economy is heading for recession within the next six months, after four years of robust [...]
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