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Chiu Sin Chun : New budget lacks incentive

出自香港新聞網 - 樹仁新傳系學生實習習作

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February 7, 2012 ROSANNA TANG

Criticism arose upon headlines since John Tsang released his new 2012-2013 budget on the 1st of February. Chiu Sin Chun, a senior financial commentator on Now TV said, “The budget is short-sighted and lacks a concrete purpose-driven incentive.”


Chiu Sin Chun gave a speech in a university talk, revealing his own comments towards the new budget plan. “A good budget should make a contribution rather than just to cover short term return and investments.”


Chiu described John Tsang as using a lot of excuses to fight for his new 2012-2013 budget. “Conservative? It is just an excuse to protect his speech.” Chiu said. In Chiu’s own view, the true conservative is to allocate the revenue to be dependent to the expenditure, not vice versa. [Great explenation]


Not to mention the length of the budget could not raise any interest from public, the whole budget is obviously [reluctant -?] from the important issues like the public housing and the New Home Ownership scheme. Moreover, it exaggerates the government’s input on the Education industry. [How so?]


From the Budget 2012-2013, it states that the Housing Authority will adjust and increase the production volume [of what?] when necessary. Chiu said, “There is no concrete statement explaining the future planning on Public housing. It obviously shows our government’s avoidance on controversial issues.”


For Education expenditure, the new budget repeatedly emphasized on additional expenditure on restructuring small class education. It seems give the idea that the government already invested a lot in it. “But compared to the current GDP, the truth is, the expenditure is just a little proportion.” Chiu said.

[Needs a stronf summary/conclusions.]

[Grade: B]
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