With a large surplus at budget time, Financial Secretary Paul Chan struggles to turn down unwise schemes for spending the extra money. Photo: Edward Wong

Why having too much money can be a problem – just ask Hong Kong’s financial chief

Mike Rowse says budget surpluses make it difficult to curb harmful habits, like the overuse of water and electricity, through taxes when the government already has too much money

Topic |   Hong Kong Budget 2018-2019

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With a large surplus at budget time, Financial Secretary Paul Chan struggles to turn down unwise schemes for spending the extra money. Photo: Edward Wong
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