Policy Address

194.         Hong Kong has adequate fiscal reserves and assets, and has often recorded fiscal surpluses in recent years.  However, tackling the root of persistent problems will lead to a continuous increase in expenditure.  The Government has the responsibility to keep expenditure within the limits of revenue.  It requires us not only to control expenses, but also to increase revenue.  We should uphold the principle of fiscal prudence, and more importantly, foster economic development.

195.         The policies and measures set out in this Policy Address reflect both our determination and confidence in promoting economic growth.  I firmly believe that it is imperative to pursue people’s livelihood and develop the economy in tandem.  The determination of the current-term Government is premised on its understanding of the needs to increase expenditure as well as the importance of economic development.  Close to the rapidly growing PRD region, Hong Kong has a sound legal system, a well-developed market management system, a business-friendly environment, and an extensive pool of international expertise.  We also have the staunch support of our country.  They provide the foundation on which we built our confidence.  Our attitude determines our future.  If the people of Hong Kong adopt a positive attitude and strive to achieve more, and if everyone is willing to walk an extra mile and do more, we will have the economic strength to support the needy and let the youth flourish.  We will be able to unleash Hong Kong’s potential and enable our seven million people to live a better life.

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