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Deficit is not a big deal

出自香港新聞網 - 樹仁新傳系學生實習習作

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The latest Financial Budget was finally issued last week, with the sounds of criticism. Chiu Sin Chun, a financial commentator of Now TV, said the Financial Budget is rather conservative.


“Those measures are lacking in vitality and creativity”, said Chiu. He criticized the introduction of profit tax allowance can only bring limited assistance to small and medium enterprises. “It can’t help relieve the burden of citizens; implementing long term policies is what the government should consider.” [Good explenation]


Chiu advised the government to plan about long term investment rather than cutting the recurrent expenditure. “For examples, they can focus on nurturing professionals and investing infrastructure,” said Chiu.


It is widely believed that the purpose of current Financial Budget is to make early prevention to the emergence of next year’s deficit. However, Chiu claimed that citizens need not be afraid of deficit as if the government is conducting long term investment. “We should be patient, as least sometimes.”

--095101 2012年2月7日 (二) 22:40 (UTC)

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