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The budget exposes the conservation of HK fiscal policy

出自香港新聞網 - 樹仁新傳系學生實習習作

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Chiu Sin Chun, the Now TV senior financial commentator attended the General Assembly in Hong Kong Shue Yan University today, and criticized that the new budge(t) exposed the weakness of Hong Kong fiscal policy. He stated that the budget is so conservative and with no thought in it, which limit the development of finance in Hong Kong. ((ok))

Compared to the days before 1997, Chiu thought officers were not (perspective enough). Due to the operating of system of accountability in Hong Kong, officers’ works always lack of creativity and tend to be too conservative.

Chiu claimed that Financial Secretary Tsang Chun Wah only followed the <Basic Law> to make the budget, which is short of long-term consideration. For instance, the budget didn’t say anything about long-term financial policies of public rental house. However, it took lots of space to say the plan of releasing 6000 HKD, such short-run problem. ((edited for brevity...not bad but a bit careless)) --095006 2012年2月8日 (三) 03:11 (UTC)

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