budget surplus

How to make two problems worse with just one policy

No threat

Anyone who has followed the headlines in Hong Kong over the last few weeks will know two things: one, homes in the city are blisteringly expensive; and two, the Hong Kong government has money coming out of its ears.

Wednesday, 27 February, 2013, 9:36am 6 comments

How the budget surplus is like fiscal bait

The financial secretary is expected to announce another big surplus in his budget next week. A surplus is as embarrassing as a deficit. It shows either the officials got their figures wrong, or they nodded off on the job.

22 Feb 2013 - 3:44am

Financial secretary John Tsang misjudges budget surplus again

John Tsang Chun-wah. Photo: Bloomberg

The government has yet again underestimated its budget surplus, according to financial results for the nine months to December 31.

1 Feb 2013 - 4:17am 13 comments