SUBSCRIBERS

Analysts say HK's Budget is short on ideas and details

But some welcome the move to overhaul the tax regime and more flexibility in fiscal policy-making

Published Wed, Feb 22, 2017 · 09:50 PM

Hong Kong

WITH Hong Kong entering a period of transition, new Financial Secretary Paul Chan had the unenviable job of delivering a Budget for an outgoing government with only about four months left on its term.

The outlook was unpromising for his first - and possibly last - Budget address, and analysts and observers said he delivered, as expected, a Budget with few high notes.

Much of his speech took cues from Chief Executive Leung Chun-ying's policy address in January, with scant details added on hot issues such as how the Mandatory Provident Fund would be reviewed, and how Hong K…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here