Hong Kong has set aside nearly US$22 billion in the Budget to cushion the impact of prolonged social restrictions and social support was also a key focus. Residents will enjoy one-off tax cuts and get a second round of consumption vouchers worth HKD 10,000. Asia Global Institute Associate Director Heiwai Tang tells CNA that the vouchers can be used to stimulate the sectors that suffer the most during the pandemic including the hospitality industry and the food and beverage industry.
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