A traditional junk now used for sightseeing sails in Hong Kong’s Victoria Harbour on February 28. The Hong Kong budget this year is yet another simplistic bookkeeping exercise, with barely an attempt to frame its spending priorities within a coherent fiscal policy. Photo: AFP
Hong Kong budget highlights: no coherent fiscal policy and more half-baked ideas about innovation
Philip Bowring says this year’s budget is again full of handouts and discretionary funding for different sectors, including huge sums given to bureaucracy-driven projects that would supposedly boost innovation, but where’s the effort to ensure a more sustainable fiscal system?
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Hong Kong Budget 2018-2019
A traditional junk now used for sightseeing sails in Hong Kong’s Victoria Harbour on February 28. The Hong Kong budget this year is yet another simplistic bookkeeping exercise, with barely an attempt to frame its spending priorities within a coherent fiscal policy. Photo: AFP