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Similarly, the 2025-26 Budget - Budget Speech. In this Budget, I propose a "reinforced version" of the fiscal consolidation programme, including a cumulative reduction of government recurrent expenditure by seven per cent from now through 2027-28. Hong Kong Budget Summary 2025-2026 - assets.kpmg.com. The Financial Secretary also forecast an annual budget deficit of HKD 87.2 billion for the 2024-25 fiscal year, almost double its original estimate of HKD 48.1 billion. This is primarily due to the significant shortfall in land related revenue and stamp duty.
It's important to note that, monthly Budget Review: Summary for Fiscal Year 2025. In fiscal year 2025, which ended on September 30, the federal budget deficit totaled $1.8 trillion—a decrease of $41 billion (or 2 percent) from the shortfall recorded in the previous year. Reservations | Budget Car Rental.
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Learn how to create a budget that works for you and your family IRD : 2025-26 Budget – Tax Measures. In his 2025-26 Budget, the Financial Secretary proposed the following measures: Reducing profits tax, salaries tax and tax under personal assessment for the year of assessment 2024/25 (The relevant legislation for the tax reduction was passed by the Legislative Council and gazetted on 9 May 2025.) It's important to note that, definition & Example - WalletHub.
A budget is a plan that outlines how much of your income should go to different parts of your finances, from monthly bills and day-to-day purchases to savings, charitable donations and investments.
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