The eyes of the world will be on Financial Secretary Donald Tsang Yam-kuen this afternoon. As shown by the unusual last-minute advice from the International Monetary Fund against overly-generous tax breaks, it is no ordinary Budget that he will unveil. Nor can it have been easy to construct, given the conflicting pulls between international investors and the local community. Despite Hong Kong's strength relative to the region, investors are still wary about Asia as a whole, and will pick on the slightest deviation from the financial prudence that has made Hong Kong's economy so robust. That is one factor which will weigh heavily on Mr Tsang today. But the alternative consideration will be the need to placate a community suffering from the high economic price which the defence of the dollar peg has exacted. Experienced commentators say it has been decades since Hong Kong has been so united as during the past few weeks in its calls for action. Appeals for tax breaks and modest fiscal incentives are no longer confined to the democratic camp. They can now be heard from every sector of the community, including Executive Councillors and members of the Liberal Party. With Legislative Council elections barely three months away, no political party can afford to lay too much stress on fiscal prudence given the votes to be had in calling for tax concessions. That makes this a highly political Budget, with the reaction of the community at large taking on a particular importance. The first Budget drawn up under the SAR was always bound to have a historic flavour, but events in the last six months have given it a special importance as a key to the way the new administration of Hong Kong sees the economic path to the next century.