• Sun
  • Jul 13, 2014
  • Updated: 6:40am

Hong Kong Budget 2013

Financial Secretary John Tsang Chun-wah delivered his sixth budget speech on February 27, 2013, in which he unveiled HK$33 billion worth of relief measures and forecasted a surplus of about HK$64.9 billion for the 2012-13 financial year. Economic growth was expected to come in 1.5 to 3.5 per cent in 2013.

Meeting budget deadline impossible, Jasper Tsang warns

The budget bill could not be passed by Wednesday even if the weeks-long filibuster ended, Legislative Council president Jasper Tsang Yok-sing said. Officials have warned that funding for public services would be disrupted the next day.

Monday, 13 May, 2013, 5:24am 5 comments

The missing debate on universal pension

There are many reasons why the filibuster by some legislators over the 2013 budget was a very bad idea, but the most important one is that it brought into disrepute the very policy they claimed to be fighting for: a universal pension.

7 Jun 2013 - 11:37am 4 comments

Public will be consulted on pension, say ministers

With radical lawmakers mounting a filibuster of the budget bill to press the case for a universal pension scheme, government ministers yesterday said the public would be consulted soon on a retirement protection scheme.

12 May 2013 - 5:57am

CY Leung rules out deal with radicals to end filibuster

Chief Executive Leung Chun-ying said meeting radical lawmakers' demands in exchange for an end to their filibustering of the budget bill was "extremely inadvisable".

10 May 2013 - 3:47am

Lawmakers inch ahead on budget amid bargaining

Proceedings in the Legislative Council were a little faster yesterday, with filibustering lawmakers getting through seven debate sessions - almost double the number they managed over the six previous days - as deliberations over the budget bill dragged on.

9 May 2013 - 5:45am

Tsang agrees to ask radicals to stop filibustering

Financial Secretary John Tsang Chun-wah will meet four radical pan-democrats on Friday to convince them to stop the filibustering that is blocking the passage of the budget bill, as it edges closer to the government's self-imposed deadline in mid-May.

8 May 2013 - 5:13am 1 comment

Legco should stop the farce and get to work

The public can be excused for being outraged as the legislature degenerates into a political circus. Just a week into the tiring tactic of filibustering, mounted by a handful of rebel lawmakers, the scrutiny of bills has been suspended, panel sessions disrupted and meetings aborted due to insufficient attendance, while hours are spent counting quorums and some play pranks in lifts to delay attendance.

5 May 2013 - 2:51am 11 comments

Budget delays could hit funds for the poor

Professor Chan Ka-keung, the financial services and treasury secretary, stepped up his rhetoric against filibustering attempts over the bill as the Legislative Council's meeting was adjourned in the morning, causing more delay and further piling pressure on Legco president Jasper Tsang Yok-sing to stop the filibustering.

3 May 2013 - 5:40am

Bill delay may force bodies to raid their own reserves

Some government department and publicly funded bodies may have to dip into their own reserves to maintain necessary services next month if the Legislative Council fails to pass the budget bill by the middle of this month.

2 May 2013 - 5:09am 1 comment

Hong Kong tops the class in confused policymaking

In Hong Kong's more recent history, there is no better illustration of bureaucratic myopia and confusion of policy objectives than the government's proposal, announced by the financial secretary in his budget speech in February, to inject HK$480 million into the Government Scholarship Fund to enable outstanding students to pursue degree or teacher-training programmes in prestigious overseas universities, on condition that they come back to teach for at least two years.

28 Apr 2013 - 5:02am 5 comments

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