Chen Maobo, the director of the Hong Kong Financial Secretary, admits that Hong Kong's economy is not optimistic, and the fiscal deficit is expected to exceed 100 billion (HK $ 100 billion equals S $ 17.5 billion).
According to Sing Tao Daily, Chen Maobo said in the morning (November 13) to attend the radio program in the morning that Hong Kong's 3rd season of the total local product of this year contracted 4.5%year -on -year. The main reason was that the export number fell down the declineAs a result, because the foreign economy is not good and the interest rate hikes and other factors, the external demand is reduced. In addition, due to the epidemic situation, the transportation of Hong Kong and the mainland has not fully recovered. ThereforeThe report has proposed relevant measures. If the epidemic is controlled in the short term, more large -scale activities will be held.
Chen Maobo said that Hong Kong's wealth will exceed 100 billion yuan this year, mainly because of the poor city roads, the company's favorable taxes and the reduction of land sales revenue, etc., Hong Kong, as a foreign economy, is greatly affected by peripherals.The fluctuations are also large. At present, the most important thing is to do a good job of risk management, and it is better to prepare when rebounding.
He believes that there are a lot of fiscal reserves of more than 800 billion yuan. When the environment is not good, he should use it. Citizens are under pressure and need to support the economy and keep employment.
As for whether it will continue to launch an inverse cycle economic measure, he pointed out that the needs are dependent on economic development. The government will soon consult a new financial budget case, and will hear the opinions at that time.Chen Maobo pointed out that if the economic situation is poor, the government may take counter -cyclical measures to "stand up", but it is also necessary to consider specific practices.
