Hong Kong Financial Secretary Chen Maobo: The economic outlook for this year is good, and we must work together to prevent the epidemic and restore Hong Kong’s economy to the greatest extent – ​​yqqlm

Summary

[Hong Kong Financial Secretary Chen Maobo: The tone of this year’s economic outlook is good, and we must work together to prevent the epidemic to restore Hong Kong’s economy to the greatest extent.]On January 16, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, published an essay by the Secretary, saying that this year’s economic outlook has a good tone and the largest The variables and obstacles are the changes in the COVID-19 pandemic that have plagued us for two years. We must work together to fully cooperate with the work of epidemic prevention and control, strive to achieve the goal of dynamic clearing, and create favorable conditions for resuming customs clearance with the mainland. Only in this way can the economy recover to the greatest extent in a safe environment, and citizens can live well. And travel without the disruption of the epidemic.

On January 16, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, published an essay by the Secretary, saying that in the fiscal year 2021-22, which is about to end, the fiscal deficit was originally estimated to be 101.6 billion yuan. futurefundFactors such as the reversal of investment returns, the deficit is even as high as 180 billion yuan. However, thanks to the steady recovery of the economy and the positive outlook for the property market, the land sales income and the amount of land premium paid by developers were much higher than expected. The booming property market and stock market also made the property and stock stamp duty income better than expected. , these revenues have significantly eased this year’s deficit pressure.

Chen Maobo said that the uncertainty brought about by the continuous and repeated epidemics has brought will-grinding pressure to the overall economy, society and people’s livelihood. We must do our best to prevent and control the epidemic, and strive to make good use of public resources to help the public and provide support for SMEs during the epidemic.However, at the same time, we are also faced with the complex and changeable international political and economic pattern in the periphery, and it is necessary to continue to abide by the prudencefinancial management, the principle of doing what should be done, and retaining a certain amount of financial strength to ensure our financial stability and to cope with known and unknown circumstances and needs. In particular, as a fully open small economy, Hong Kong must be alert to the potential risks and impacts of rising inflation in the external market on the Hong Kong market, including the risk of interest rate hikes,Cash flowReversals and asset price volatility, etc.

Chen Maobo also said that this year’s economic outlook has a good tone, and the biggest variable and obstacle is the change in the new crown epidemic that has plagued us for two years. We must work together to fully cooperate with the work of epidemic prevention and control, strive to achieve the goal of dynamic clearing, and create favorable conditions for the restoration of customs clearance with the mainland. Only in this way can the economy recover to the greatest extent in a safe environment, and citizens can live well. And travel without the disruption of the epidemic.

(Article source: Interface News)

Article source: Interface News

Responsible editor: 70

Original title: Hong Kong Financial Secretary Chen Maobo: The keynote of this year’s economic outlook is good