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Hong Kong’s finance chief on Wednesday revealed his latest budget blueprint, with the goal to boost recovery momentum in the aftermath of the Covid-19 pandemic.

Financial Secretary Paul Chan Mo-po announced yet another round of consumption vouchers – a move authorities have turned to over the past two years – despite some politicians and economists questioning the policy’s effectiveness. The latest amount for each user will be HK$5,000 and delivered in two tranches, compared with HK$10,000 for the previous round.

Chan also unveiled the “Happy Hong Kong” campaign, under which the government will work with the city’s two theme parks and other partners to organise a series of activities to boost domestic consumption.

The campaign – featuring a number of music and food carnivals targeting local residents – is seen as a bid to ensure better usage of the consumer vouchers.

The finance minister on Sunday said the city still had to boost future investment and strengthen economic recovery after accumulating a “fairly high” fiscal deficit over the past three years.

Our live blog below covered all the details of the address.

Reporting by Jeffie Lam, Lilian Cheng, Chris Lau, Denise Tsang, Rachel Yeo, Kahon Chan, Sammy Heung, Jess Ma, Harvey Kong and Emily Hung