Chief Executive John Lee issued a statement today (Feb. 26) regarding the 2025-26 Budget, noting that Financial Secretary Paul Chan has presented the third budget of this administration, which integrates Hong Kong's economic development with public finances.

"The budget outlines a series of practical and effective measures to strengthen the government's financial strength and create new momentum and advantages for Hong Kong's economic development."

Lee's statement highlighted that the budget proposes multiple measures aligned with the directions of the policy address, including fostering new quality productive forces to enhance the development of innovative technology and artificial intelligence. 

Moreover, Lee emphasized that the Budget includes practical measures for improving public finances, primarily focusing on strict control of government spending while also seeking new revenue sources to steadily restore fiscal balance.

"It considers the actual social situation and Hong Kong's competitiveness. Concurrently, it aims to make effective use of market forces to promote infrastructure projects through innovative and diverse development models, including issuing government bonds for financing related projects."

In light of the complex and changing external environment, Lee expressed confidence that Hong Kong can seize various opportunities and continue to leverage its unique advantages under "one country, two systems," connecting with the world while being backed by the nation. He aims to further enhance internal and external connectivity, actively integrate into national development strategies, and promote faster economic growth and improved livelihoods.

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