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The Budget was lack of vision

出自香港新聞網 - 樹仁新傳系學生實習習作

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The Budget was lack of vision ((used 'lacked' instead))

Li James

Tuesday,7 February,2012


This year’s (B)udget was released and aroused great attention from the public. The policy emphasized on the taxation. Experienced financial commentator, Chiu Sin Chun criticized the Budget is too conservative and (lack of vision).

Chiu believed that the Budget was a short term plan without long term commitment. He pointed out John Tsang, the financial secretary, was tried to solve existing problems which cannot bring advantages to the development of the society. Instead, it is the residents’ responsibility to voice out the limitations of the Budget. Chiu felt strange that the society is silent and follow the government’s policy blindly. ‘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.

Some of the media blamed John Tsang for the calculation problems made for the Budget within this few years. Chiu suggested that calculation errors were acceptable as the financial market was fluctuated after the financial tsunami. Moreover, Chiu thought the calculation problem didn’t affect the policy greatly. --095090 2012年2月7日 (二) 22:29 (UTC) ((overall, pretty good...a bit of a dry topic but you did your best with the hand you were dealt..nice))

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