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Few surprises despite upswing

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Taxpayers are unlikely to be granted any major concessions in tomorrow's budget, despite an upswing in the economy.

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Financial Secretary Henry Tang Ying-yen will deliver the first account of Hong Kong public finances in the post-Tung era.

Sources said Mr Tang was unlikely to introduce drastic measures while the economy was still recovering.

'It will be a budget without surprise,' a source said.

A sales tax remains on the cards, but no decision will be made on its possible implementation.

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Liberal Party leader James Tien Pei-chun said Mr Tang could take the opportunity to revise the target of balancing the budget from 2008-09 to 2006-07. It is believed the budget is already in surplus.

'The government likes to adopt 'cry wolf' tactics and portray a very bad picture,' he said.

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