Highlights of Hong Kong 2025/26 Budget
Source : The 2025-26 Budget[](https://www.budget.gov.hk/2025/eng/pf.html)
Post of Hong Kong Budget 2025-2026
- The Hong Kong 2025/26 Budget highlights include increased spending on infrastructure and social services, a new billion fund for an AI institute, and a focus on strengthening Hong Kong's position as an international financial and trade center. The budget also anticipates a consolidated deficit of billion for 2025-26. Other key areas include a new tax incentive for the shipping industry, a drive to develop Hong Kong as an aircraft dismantling hub, and incentives to boost the tourism industry.
Economic and fiscal
Economic performance
Economic performanc: The economy grew by 2.5%
in the previous year, with exports up by 4.7%
Government finance
Total government revenue is estimated at $HK9.4 billion.
Total government expenditure is estimated at $HK2.3 billion.
A consolidated deficit of $HK billion is forecast for 2025-26.
Fiscal reserves are predicted to be around $HK7.3 billion as of March 31, 2025, and decrease to $HK0.3 billion by the end of March 2026.
Taxation and revenue
Introduction of the global minimum tax proposal will bring in an estimated $HK billion annually.
Increase in air passenger departure tax from $HK0 to $HK0, effective October 2025.
Review of tunnel tolls, electric vehiclelicence fees, and parking meter charges to increase revenue by an estimated $HK billion.
Introduction of a $HK0 application fee for various talent and capital investor admission schemes.
Industry and innovation
Artificial Intelligence
A $HK billion fund will be established to set up an AI research and development institute, along with a three-year subsidized scheme to access the Cyberport AI supercomputing center.
Financial and trade services
Expansion of the tax treaty network, especially with Belt and Road jurisdictions.
Tax exemptions for certain intellectual property-related expenditures will be reviewed and enhanced.
Waiving the buy-side stamp duty on stock trading to boost trading volume.
Shipping and aviation
Establishment of the Hong Kong Maritime and Port Development Board.
Promotion of Hong Kong as Asia's first aircraft dismantling, parts recycling, processing, and trading center.
Allocation of funding to promote the use of sustainable aviation fuel.
Other key highlights
Housing
The government plans to provide 190,000 public housing units over the next five years and expects the completion of over 17,000 private residential units annually.
Tourism
An allocation of $HK.23 billion to the Hong Kong Tourism Board to implement "tourism is everywhere" initiatives.
Infrastructure and development
Continued investment in capital works projects, including infrastructure, housing, and education.
Focus on green development through a $HK0 million subsidy scheme to install fast chargers and funding for electric buses and taxis.
Public sector
Reduction in the rate of reduction of recurrent government expenditure from 1% to 2% in 2025-26.
Civil servants will face a pay freeze for the fiscal year.
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利得稅
香港採用地域來源原則，任何人士(包括法團、合夥業務、受託人或團體)在香港經營行業、專業或業務所得的利潤需在本港納稅。根據「地域來源地」稅制特色，不管該人士的國籍及居住地在何地，只有在香港產生或得自香港的利潤，才須予以徵收利得稅。
薪俸稅
凡是源自香港任職、受僱及退休金的入息均需繳納薪俸稅。入息包括工資、薪金、假期工資、花紅、佣金、小費、津貼、酬金及額外賞賜等。如該人士之受僱於香港公司並於香港提供服務，其所得的全部收入，均需繳納薪俸稅，除非該人士付合特定豁免徵稅條件。