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.

Jasper Tsang

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.

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