Finance chief Paul Chan has presented 'very generous' budget at time when city needs bold solutions to deficit woes, experts say Observers and economists have said Hong Kong's "very mild" budget failed to promptly address government spending shortfalls and will not spark any uptick in consumption,

Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal deficit likely to have widened to double the city's target amid rising global economic uncertainty and a weak property market.