Riding Out the Crisis Together
23. In view of the tough economic environment, we will adopt an expansionary fiscal stance and make optimal use of our fiscal reserves to implement counter-cyclical measures, with the objective of "supporting enterprises, safeguarding jobs, stimulating the economy and relieving people's burden", so as to help Hong Kong tide over the difficulties.
24. Hong Kong's economy has seen negative growth since the second half of 2019. I have since August last year announced four rounds of support measures targeted at enterprises and individuals, involving a total of over $30 billion.
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