• Tue
  • Sep 16, 2014
  • Updated: 6:24pm

Public Finance

Enough funds for public housing

The Housing Authority has a five-year rolling public housing construction programme. This is reviewed and adjusted annually in accordance with the latest demand and supply situation.

Wednesday, 13 March, 2013, 3:00am

Hong Kong looks abroad to tackle burden of ageing society

Hong Kong is looking overseas for inspiration on how to cope with the long-term financial burden of its rapidly ageing population. In his budget plan last month, Financial Secretary John Tsang Chun-wah set up a working group of treasury officials and experts to make public finance projections for the coming decades.

11 Mar 2013 - 11:03am

No magic solution to an ageing city's financial problems, John Tsang warns

Tsang, who defended his budget on RTHK's Letter to Hong Kong, warned that giving out sweeteners as relief measures should not be a permanent feature of the budget.

11 Mar 2013 - 5:18am

Legislators want Tsang to start spending

Pan-democrats have launched a petition urging Financial Secretary John Tsang Chun-wah to start spending Hong Kong's HK$1.38 trillion in reserves on tackling social problems.

4 Mar 2013 - 5:08am

Financial Secretary John Tsang defends his budget amid criticism

He emphasised the 16 per cent increase in government spending over the next financial year, saying it was rare for a government anywhere to be lifting expenditure.

3 Mar 2013 - 5:14am 6 comments

Briefs, March 3, 2013

Britain's Queen Elizabeth is recovering after coming down with a stomach bug that forced the cancellation of a royal engagement. The 86-year-old monarch yesterday cancelled a visit to Swansea, Wales. 

3 Mar 2013 - 6:30am

So, how well did John Tsang listen?

Tsang cannot be faulted for trying hard to plough back no less than HK$33 billion of the anticipated fiscal surplus of over HK$64 billion to those identified by the government as being most in need. 

4 Mar 2013 - 12:57am 2 comments

John Tsang again delivers overly cautious budget

Delivering a budget with new thinking has proved to be a challenge for John Tsang Chun-wah. While the veteran finance chief managed to provide some short-term relief for the needy without losing sight of the need to invest for a better future, his first budget after his reappointment remains overly cautious. With a record HK$734 billion reserves in hand, he could have taken bolder steps to tackle the challenges ahead.

28 Feb 2013 - 3:37am

At last Tsang accepts that our fiscal policy needs an overhaul

At least some of the criticism directed at John Tsang Chun-wah recently must have stung. In his budget speech yesterday, the financial secretary attempted to defend his piecemeal approach to fiscal policy while simultaneously promising to set up a working group to formulate "more comprehensive planning for our public finances".

28 Feb 2013 - 5:02am 1 comment

Beijing wise to keep its central banker

News that central bank governor Zhou Xiaochuan will stay in his post despite reaching the mandatory retirement age of 65 should be welcomed in China and overseas. It would be hard to name another mainland economic official who could match his experience in monetary affairs or enjoy the respect he has from the international financial community.

27 Feb 2013 - 5:29am