Four measures are needed in this budget to increase recurrent revenue to support socially desirable measures in the short term and a stable fiscal situation in the longer term. Photo: AFP
Philip Bowring
Opinion

Opinion

Philip Bowring

Short of a budget deficit shock, here’s how to ensure Hong Kong spends money more wisely

  • Philip Bowring says years of huge surpluses have allowed government incompetence to continue unchecked, wasting money on needless capital investment. With budget season coming around again, here are four measures to improve this year’s plan

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Four measures are needed in this budget to increase recurrent revenue to support socially desirable measures in the short term and a stable fiscal situation in the longer term. Photo: AFP
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Philip Bowring

Philip Bowring

Philip Bowring has been based in Asia for 39 years writing on regional financial and political issues. He has been a columnist for the South China Morning Post since the mid-1990s and for the International Herald Tribune from 1992 to 2011. He also contributes regularly to the Wall Street Journal, www.asiasentinel.com, a website of which he is a founder, and elsewhere. Prior to 1992 he was with the weekly Far Eastern Economic Review, latterly as editor.