CPA Australia calls on Hong Kong government to increase revenue and reduce expenditure

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HONG KONG SAR – Media OutReach Newswire – 22 January 2025 – With CPA Australia estimating a fiscal deficit of HK$96.1 billion for 2024-25 and fiscal reserves of HK$638.5 billion, today, we submitted recommendations for the government to consider including in Budget 2025-26, with the major focus areas being tackling the deficit and building Hong Kong’s prosperity.

https://www.cpaaustralia.com.au/

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CPA Australia

CPA Australia is one of the largest professional accounting bodies in the world, with more than 173,000 members in over 100 countries and regions, including more than 22,500 members in Greater China. CPA Australia is celebrating its 70th anniversary in Hong Kong this year. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on issues affecting the accounting profession and the public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at