For the Hong Kong fiscal budget, it proposes to issue 65 billion yuan (Hong Kong dollars, approximately S $ 11.2 billion in Hong Kong dollars) at least five years in the next five years.It can afford interest.
According to the Sing Tao Daily, Chen Maobo said on Sunday (February 26) on the wireless program that Hong Kong will have an average of more than 100 billion yuan in labor engineering every year in the next few years, involving base construction, refrigeration, hospitals, hospitalsRebuilding projects, etc., the government through debt financing has made the project earlier, and citizens can benefit.
He also pointed out that after calculating all the government bond issuance, it is expected that the debt repayment is expected to rise to 9.5%of Hong Kong GDP (GDP), and the scale of debt issuance in the neighboring area is 130%.Use market funds to support Hong Kong development and investment.
I was asked now that the interest rate is high, and whether the government has missed the best time to issue debts. Chen Maobo responded that the government issued long debt during low interest rates in the past two years. According to the current interest rate,The bonds are short in the short term. In the future, the interest rate trend will be treated at different years, and it will be adjusted at different years.
