Former Finance Chief's Warning: Hong Kong's Fiscal Concerns Extend Beyond Bond Issuances

Sunday, 3 March 2024, 14:29

Ex-finance chief John Tsang cautioned Hong Kong about relying solely on bond issuances to manage government spending, emphasizing the necessity to explore new approaches in light of the city's 'structural deficit era.' Tsang highlighted the inadequacy of revenue-boosting measures in the recent budget compared to the massive funding required for budget balancing.
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Former Finance Chief's Warning: Hong Kong's Fiscal Concerns Extend Beyond Bond Issuances

Former finance chief, John Tsang, cautions Hong Kong on fiscal challenges

Ex-finance chief John Tsang warned Hong Kong to seek alternatives to bond issuances and address the 'structural deficit era' the city is facing. Tsang emphasized the profound fiscal needs that a mere boost in revenue cannot cover.

Key Points:

  • Hong Kong's ongoing reliance on bond issuances for governance
  • Shortcomings of recent revenue-boosting measures
  • Ex-finance chief Tsang's call for exploring new fiscal strategies

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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