Hong Kong to make a one-off unconditional payment to permanent residents

In its recent budget the Hong Kong government has included a one-off unconditional payment of HK$10,000 (£1,000) for every permanent resident aged 18 years or over.

This is not a regular income, and so is closer to the Alaska Permanent Fund Dividend than to a Citizen’s Basic Income, but it is an interesting example of an unconditional payment specifically designed to stimulate the economy.

For details of the Hong Kong budget, click here