Infographic chart showing Hong Kong budget surplus or deficit since 1998. (Nicholas Shearman / AFP)

Infographic chart showing Hong Kong government's land-related revenue since 2002. (Nicholas Shearman / AFP)

Hong Kong is facing its toughest fiscal test in three decades following a run of mammoth deficits.

Ahead of next week's budget, former government minister Anthony Cheung tells AFP the deficits have deeper roots besides economic cycles.

Feature article: www.barrons.com/news/well-of...

Photo taken on January 25, 2025 shows Uzma Naveed (R), an outreach coordinator, and social worker Jeffrey Andrews (L) speaking to ‘John’ (C) at the Christian Action Centre for Refugees in Chungking Mansions in Hong Kong. US President Donald Trump's executive order to suspend all refugee admissions and halt the US asylum programme, signed hours after taking office, has left adrift dozens in the Chinese city approved for US resettlement. (Peter Parks / AFP)

US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC, on January 20, 2025. (Jim Watson / AFP)

After 13 years in Hong Kong as a refugee, "John" received plane tickets that would grant his family new lives in the United States—only for them to be snatched away with a stroke of the pen by President Donald Trump.

AFP breaks the story: www.yahoo.com/news/us-boun...