The West Kowloon Cultural District Authority (WKCDA) in Hong Kong experienced a significant financial setback, reporting a deficit of HK$998 million in the last financial year. Despite an increase in revenue, the WKCDA’s income did not cover its growing operating expenses. These financial figures were released by the WKCDA and made public on the Legislative Council website on Tuesday. The report was published prior to a review by the council’s relevant panel. The growing deficit raises concerns about the financial sustainability of the art hub. This situation prompts questions regarding future funding and operational strategies for the West Kowloon Cultural District. Further details will be discussed by the Legislative Council panel.

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