• Fri
  • Aug 29, 2014
  • Updated: 1:08pm

American Recovery and Reinvestment Act

Don't hold your breath for stimulus, state media says

Growth-challenged China is unlikely to launch massive stimulus measures like the four trillion yuan (HK$4.54 trillion) package three years ago, Xinhua said yesterday.

Wednesday, 30 May, 2012, 12:00am

Banner year for stocks set to boost tax revenue

The robust stock market and good returns from investments are expected to boost government revenue this year, Secretary for Financial Services and Treasury Frederick Ma Si-hang said yesterday.

10 Dec 2006 - 12:00am

Surplus will be at least $10 billion, say experts

Higher-than-expected income from land premiums and stamp duty could inflate the government's budget surplus to at least $10 billion when the final results for this financial year are reported in May or June.

24 Feb 2006 - 12:00am

Good economy expected to boost income tax take

The robust economy is expected to boost government receipts of salaries and profit tax this financial year by almost $4 billion compared with the previous year.

16 Sep 2005 - 12:00am

$1.3 billion unused in home loan scheme

About $1.3 billion is still unused after two years' operation of the Home Starter Loan Scheme, according to the Housing Bureau.

The bureau has proposed allocating the money to help more single people buy their own homes. It has been estimated that 2,600 more single applicants could benefit in the next two years if the revision is approved.

29 Nov 2000 - 12:00am

Revised $32b figure rivals losses after land sale suspensions

The revised deficit of $32.3 billion for the current year almost equals the loss of revenue from the suspension of land sales.

The original budget surplus of $10.7 billion was revised to a $21.4 billion deficit last June after a crisis package was announced. The suspension of land sales led to a loss of $32.2 billion.

4 Mar 1999 - 12:00am

Beijing plans $4.6b car plant

Beijing plans a five billion yuan (about HK$4.6 billion) project to build a multi-purpose vehicle to meet rising demand. The first phase would invest one billion yuan in a production line to build 30,000 vehicles a year. The second phase would require four billion yuan to boost capacity to 150,000 units, Xinhua (the New China News Agency) said.

16 Jul 1997 - 12:00am

Cash package criticised

STUDENT leaders have criticised the recently approved Local Student Finance Scheme package, saying it would not solve students' financial problems in the long run.

Mung Siu-tat, secretary-general of the Hong Kong Federation of Students, said the improvements to the scheme offered only a short-term solution.

19 Jan 1995 - 12:00am

'We are taking full advantage of our surpluses rather than salting away even

FINANCIAL Secretary Mr Hamish Macleod pulled the wraps off the biggest giveaway Budget in Hongkong's history yesterday, blending a range of tax cuts with public spending increases across the board.

4 Mar 1993 - 12:00am

$10.5 billion reserve to fund works

THE Government is expected to invest heavily in non-airport capital works projects in the 1993-94 financial year by setting aside at least $10.5 billion in a special reserve to carry out new plans.

The massive investment was unveiled yesterday amid expectation of another windfall surplus, which is expected to exceed $20 billion for the year ending March 1993.

27 Feb 1993 - 12:00am