Chen Maobo, director of the Hong Kong Financial Secretary, said on Sunday (February 11) that most Hong Kong citizens reported that the Hong Kong government did not need to significantly launch relief measures like the past.
According to the Hong Kong News Agency, Chen Maobo said that most of the public's reflection of the budget is that the government does not need to launch a significant relief measure as in the past, mainly because the Hong Kong economy is in positive growth, while at the same timeWe must take into account the government's financial responsibility.
The public consultation of a new financial budget in Hong Kong started at the end of last year and will be published on the 28th of this month.Chen Maobo said that the government spent a huge spending during the epidemic, and it is expected to record 100 billion Hong Kong dollars (the same, about 17.2 billion yuan) deficit in 2023/24, which is inevitable.
He pointed out that the poor status of the asset market has led to the unsatisfactory land price and stamp tax income, but I believe that this is a periodic situation. As long as the economy improves and the asset market is stable, the government's income will rise.The government is determined to throw out, and will be careful and open source, and strive to cultivate new industries.
Looking at the new year, Chen Maobo said that the economy of the dragon is stable than last year, and it is expected that there will still be some challenges in the first half of the year. Geopolitan political factors may fluctuate the market;Driving demand, I believe that the asset market and export performance will be relatively stable.
Since 2019, Hong Kong has three fiscal deficits, with the highest fiscal red in 2020/21, reaching HK $ 232.5 billion.The deficit of 2019/20 is HK $ 10.6 billion, and the 2022/23 deficit is HK $ 122.3 billion.
