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Chiu Sin Chun: The budget is too conservative

出自香港新聞網 - 樹仁新傳系學生實習習作

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The 2012-13 Budget has launched last week, Chiu Sin Chun, a senior financial commentator of Now TV, commented that this budget is too conservative, lack of consideration and foresight. (break into two sentences!) However, in British Hong Kong, the budget had not only diverse thinking and great perspective, it stimulates the economic development.

Chiu said, the new budget just provide the benefit to the middle classes and get a good response from them but it is out of well-planned concept and creativity. Chiu felt strange that the society (((is silent even follow the government))). “It is unreasonable to ask the tax payers to pay for the inflation.” said Chiu. He criticized the system of the inflation linked debentures, iBond. He pointed out, Hong Kong should put more financial support on Research and Development sector, and “The government should follow the principles of prudent management of public finances” (decent in focus and scope but please watch your structures)

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