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Financial expert: 2012 Budget is outdated

出自香港新聞網 - 樹仁新傳系學生實習習作

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Financial expert: 2012 Budget is outdated


Last Wednesday Financial John Tsang Chun-wah delivered his last Budget, which was criticized as beneficial to mid-level income group only. Financial expert commented that it is an outdated concept of setting Budget when he was giving a talk in Shue Yan University.


Having worked in financial institution for 30 years, also worked as a financial analyst in Now TV, Chiu Sin Chun commented that the concept of setting the budget is out-to-dated. The current financial management principle is to live with thin our means. But both expenditure and revenue are always estimated inaccurately which leads to misallocation of resources. Therefore Chiu suggested that Tsang should be change to forecast the expenditure ahead of estimating the revenue.


“For example, iPhone is a case in point. Apple creates a smart phone, then the consumers demand increase and in turn creates a huge market.” Chiu said. Chiu further suggested that the Government should provides tax relief. It can attract companies to do research & development. Also, it can be given some trainings to more people which improve the level of knowledge in Hong Kong.


But Chiu complained, Tsang Chun-wah only to abide by the Basic law and adhere to old-fashioned method of living within our means.
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