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OpinionLetters

Letters to the Editor, March 2, 2018

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Financial Secretary Paul Chan arrives for a press conference at Tamar on February 28, after delivering the 2018-2019 budget for Hong Kong. Photo: Sam Tsang
Letters

Long-term aims of new budget commendable

Financial Secretary Paul Chan Mo-po, in his budget speech on Wednesday, proposed to increase recurrent expenditure on education by another HK$2 billion, in addition to the HK$5 billion ­already pledged by Chief Executive Carrie Lam Cheng Yuet-ngor.

I was glad to see that the government is sincere in promoting ­local students’ access to tertiary education, as it promised to pay the exam fees for DSE (Diploma of Secondary Education) candidates for the year 2019. In fact, I am also one of the beneficiaries.

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Besides investing in the city’s future, the secretary for finance has allocated more resources to the provision of social services and health care.

It was also a good move to pledge HK$50 billion for innovation and technology development. We should expect more incentives in the future for businesses, to diversify our economy and maintain economic growth.

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However, before the details of the budget were announced, some political parties had been calling for giveaways from the massive revenue.

They may have been disappointed, but I believe their calls were short-sighted.

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