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The Pulse：Budget & interview with James Lau, Secretary for Financial Services & the Treasury

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How can a government spend a HK$138 billion surplus that’s burning a hole in its pocket this year? Give the people cash hand-outs? Or maybe a day at Ocean Park? Or with property prices at an all-time high, give tax deductions to renters? Financial Secretary Paul Chan may be injecting some of that cash into IT development but he still insists tax deductions for renters is problematic because it means upgrading the Inland Revenue Department’s computer system. Then there’s the matter of whether this budget violates Article 107 of the Basic Law which stipulates that the percentage increase of government expenditure should be commensurate with the level of economic growth. Jasper Tsang, the former Legco president is among those who have raised this as being a problem. Earlier I spoke to the Secretary for Financial Services and the Treasury, James Lau at the Central Government Complex.
And that’s all we have time for right now. Meanwhile this week sees the start of meetings for lawmakers In Beijing – top of their agenda will be the proposal to end time limits on the length of Xi Jinping’s presidency. Internet commentators on the mainland who have directly or even very indirectly questioned this change have seen their comments and creative ways of getting around censorship quickly taken down. We’ll leave you with that and see you next week.
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예술 - Art
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