Chan is set to deliver his annual budget on Wednesday. He’s expected to strike a balance between boosting sluggish econmic growth and cutting spending to narrow a fiscal deficit just under HK$100 billion ($17.18 billion).
The Hong Kong government may make basketball betting legal in an effort to raise tax revenue, the South China Morning Post reported.
Financial Secretary Paul Chan is considering expanding sports gambling from horse racing and football to increase betting duty income, the newspaper said Monday, citing an unnamed insider.
