Hong Kong announced on Wednesday that they would be giving away $6000HKD (about $770 USD) to each adult permanent resident in Hong Kong.
The government will also be issuing salary tax cuts due to a fiscal surplus for the fiscal year ending on March 31st.
This plan of giving out money to almost everyone replaces the plan that they had earlier to give that money to retirement savings accounts.
Lawmakers and social groups commented that it is ineffective on low-income groups. The government would waive 75% of salary taxes. It is estimated that there is a surplus of $71.3 billion for this fiscal year.

The government will also be issuing salary tax cuts due to a fiscal surplus for the fiscal year ending on March 31st.
This plan of giving out money to almost everyone replaces the plan that they had earlier to give that money to retirement savings accounts.
Lawmakers and social groups commented that it is ineffective on low-income groups. The government would waive 75% of salary taxes. It is estimated that there is a surplus of $71.3 billion for this fiscal year.
