The cover color of the new budget has been revealed.
The new budget will be released on Wednesday. The preview cover of the Financial Secretary’s blog uses the color “Morning Color”, which symbolizes the hope that the economy will gradually improve this year and that the business environment of all walks of life will continue to improve. He also pointed out that during the budget consultation period, he received many valuable opinions from all walks of life. In the face of fiscal deficit, he hopes to be more focused and more effective when using limited public resources.
Chan Mo-po published his latest blog yesterday, in which he uploaded a photo. In the photo, Chan Mo-po did not “appear”. He only held a book with the text of the “2024-25 Fiscal Year Budget” printed on the cover in both hands, and his past was placed on the stage. The cover colors of each of the 7 budget proposals released are different. Last year’s Budget was orange, while the upcoming cover is decidedly lighter.
Chan Mo-po said that in the past year, Hong Kong has emerged from the epidemic, life has gradually returned to normal, and the economy has returned to growth. But the periphery remains complex and volatile. The geopolitical situation continues to be tense, interest rates are high, and uncertainty and uncertainty are intertwined, which has affected the strength of economic growth. However, he added that the country’s economy is developing steadily and its support for Hong Kong is solid. Hong Kong has a unique position and function in the overall development of the country. It is backed by the country and connected to the world. This is Hong Kong’s greatest confidence. It must turn opportunities into results.
Regarding the budget, the average citizen is most concerned about whether the government will continue the “sugar distribution” policy that benefits the people. Chan Mao-po said that during the budget consultation period, he received many valuable opinions from all walks of life. In the face of fiscal deficit, there is limited use in When using public resources, we hope to be more focused and effective.
In addition, the Hong Kong Research Association surveyed 1,056 citizens aged 18 or above from the 2nd to the 22nd of this month. Regarding the predictions from different institutions that the government will have a fiscal deficit of more than 100 billion yuan this year, 47% of them are worried about the stability of the government’s finances, an increase of 24 percentage points from last year. . However, there are still many people who hope that the government will continue to “distribute sugar” this year. The most popular one is the introduction of electricity subsidies (73%), followed by tax rebates (72%), increased tax exemptions (71%) and exempted rates and government rents (67%). ).
