Hong Kong Reveals $21 Billion Budget To Support Economy Following Covid

Hong Kong Reveals $21 Billion Budget To Support Economy Following Covid

It seems that the novel coronavirus remains in the spotlight these days. We’ve been through a lot in two years and things seem to be finally coming to an end – involving the novel coronavirus and the terrible pandemic.

CNBC has some new info about how Hong Kong supports the economy following this terrible nightmare.

Source: Pixabay
Source: Pixabay

It’s been revealed that the Hong Kong government announced Wednesday it will be spending more than 170 billion Hong Kong dollars ($21.8 billion) to fight the pandemic and support the economy, a day after authorities said virus control measures will be extended to April 20.

“The semi-autonomous Chinese city is experiencing its fifth wave of coronavirus infections, with daily cases soaring to record highs. On Wednesday, Hong Kong reported 8,674 new cases.”

Financial secretary reveals what happens 

According to the same notes, last week, Chief Executive Carrie Lam ruled out a full lockdown but stuck with China’s zero-Covid policy.

The same article also noted that during the budget speech Wednesday, Financial Secretary Paul Chan said the following:

“the spread of the virus has “dealt a heavy blow to many people, disrupting both their life and work, and seriously affected the operations of small- and medium-sized enterprises.”

He continued and also explained: 

“At this critical time, we need to direct more resources to relieve people’s hardship and provide SMEs with some breathing space so as to stabilise the economy and maintain public confidence.”

Covid new symptoms that worry experts 

The other day, we were revealing that Deseret News reveals that the coronavirus pandemic is slowing down at the moment as coronavirus cases continue to drop across the world.

On the other hand, it’s important to note the fact that doctors are still expressing concern over another type of covid symptoms — long covid.

Check out the previous article we posted in order to see more details about the symptoms of covid. 

Rada Mateescu

Passionate about subjects from the science and health-related areas, Rada has been blogging for about ten years and at Health Thoroughfare, she's covering the latest news on these niches.

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