Hong Kong's Strategic Fiscal Overhaul: AI at the Helm ...Middle East

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Hong Kongs Strategic Fiscal Overhaul: AI at the Helm
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In an assertive move to tackle rising fiscal challenges, Hong Kong announced its aim to reduce public recurrent expenditure by 7% through to 2027/28. The city's Financial Secretary, Paul Chan, highlighted this strategy in the latest budget release, emphasizing its vital role in restoring fiscal balance amid global economic uncertainties.

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