It is no surprise that Hong Kong will have HK$92 billion in budget surplus for 2017/18. But there are surprises on how financial resources were distributed on medium- and longer-term.
How sweet or sour is the budget for Hongkongers and companies?
On 17 March, our experts gave voice on the following questions:
- Has the proposed budget addressed the city’s deep-seated thorny social issues including the poor and middle class? Does Hong Kong really need sweeteners?
- Are the proposed budget measures sufficient in alleviating housing problems?
- Should there be more initiatives to relieve the city’s SMEs financial burden?
- Should a new tax scheme be introduced (such as GST) to offset foreseeable tax revenue decline caused by an ageing workforce?