The Hong Kong government has announced a plan to give every adult permanent resident in the territory a HK$10,000 (€1,175) cash payout.
It's part of a range of measures aimed at boosting the region's economy following almost a year of turmoil.
The territory has seen massive anti-government protests, with frequently violent clashes between demonstrators and police.
Recent weeks have also seen authorities dealing with dozens of cases of the coronavirus - prompting emergency measures such as the cancellation of the Chinese New Years events and the suspension of many transport services to/from mainland China.
The protests and the recent virus outbreak have had significant impacts on Hong Kong's economy and tourism industry.
In response to the developments, the Hong Kong budget includes major spending initiatives to support the local economy.
As well as the cash payout to around seven million people - a move which will cost around HK$71bn (€8.37bn) in total - one month's rent will be paid for lower-income tenants living in public rental housing.
Almost two million people are also set to benefit from significant tax cuts.
Announcing the government's latest budget, Hong Kong Financial Secretary Paul Chan confirmed a range of measures aimed at making 'optimal use of the fiscal reserves during challenging times'.
He said: "2019 was an unsettling year fraught with obstacles.
"Entering 2020, the rapid spread of the novel coronavirus has dealt a severe blow to economic activities and sentiment in Hong Kong."
Mr Chan acknowledged that the territory is expecting to report a "record high deficit" - but said he believes the extra spending is necessary to help the local community and businesses "ride out their difficulties".
