Paul Chan to deliver 2026-27 Budget on February 25

The government will deliver the 2026-27 Budget on February 25, following approximately one month of public consultation, according to Financial Secretary Paul Chan Mo-po in his blog on Sunday.

The financial chief noted that the consultation, which commenced on December 17, has seen general agreement from a macro perspective that Hong Kong's economy has been steadily developing in the years following the pandemic.

However, Chan warned of the possibility that market volatility could escalate in the future due to an increasingly tense international geopolitical climate and rising unilateralism and hegemonism.

The government must carefully guard against the potential impacts of external market fluctuations on Hong Kong's market and capital flows, he said.

Chan also acknowledged that certain industries and residents are facing challenges during Hong Kong's economic transformation, as uneven and unbalanced development is inevitable.

He believes that efforts should focus on exploring new sources of economic growth during the economic restructuring stage, creating more diverse and higher-quality job opportunities, and ensuring that the benefits of development are broadly shared among citizens.