Budget｜Chen Maobo Expectations: Provide a stable foundation for recovery and lead active investment in the future

Financial Secretary Chen Maobo pointed out that when formulating the next year's budget, it is necessary to stabilize people's livelihood and the economy, but also maintain the sustainability of public finances.

He hopes that the new budget can provide a stable foundation and guidance for Hong Kong's recovery, and open up a broader development space for Hong Kong through active investment in the future, so as to better grasp the country's development strategy and grand and bright development prospects.

Chen Maobo attended the awards ceremony of the "25th Standard Chartered Hong Kong Marathon" this morning (12th). He later published his blog not only talking about his expectations for the next year's budget, but also pointed out that this event is the first Hong Kong marathon in 2023. There will be large-scale events and sports competitions in Hong Kong within this year. In March alone, there are Hong Kong Sevens, Hong Kong Disneyland 10K Run, Clockenflap Music Festival and Art Central. An event to look forward to.

He pointed out that the resumption of large-scale events has multiple significances for Hong Kong.

On the one hand, it shows to the world that Hong Kong has fully returned to normal, and that society and the economy have stepped out of the plague of the epidemic.

In addition, the resumption of these activities will help attract more mainland and international tourists to Hong Kong, and the local tourism, hotel, retail and catering industries will all benefit.

On the other hand, after three years of the epidemic, the pace of life and habits of the citizens have been disrupted, and large-scale events have been resumed so that everyone can participate in person again and share a happy time.

Chen Maobo: The past three years have been like a "marathon"

He also pointed out that some people describe Hong Kong as running a "marathon" or experiencing a "stress test" in the past three years. It has survived the test of social livelihood and the challenge of economic downturn. also gradually fell to a lower level.

The latest unemployment rate will be announced next week, and it is expected to continue to improve, but on the other hand, many industries are facing recruitment difficulties, and they really need to speed up and actively deal with them.

Chen Maobo emphasized that after the previous downturn, the economy, society, enterprises, and individuals all need to rest and adjust their breath. Just like after a long-distance run, runners also need to relax and stretch properly to allow the body to better adjust and recover.

I believe that through stress, exercise and proper breath adjustment, the society and the economy are expected to achieve "super recovery" like the body, become more resilient and explosive, and the overall performance will climb to a new level.

Finally, he mentioned that the new year's Budget will be released in less than two weeks, and he and his colleagues are working hard to finalize the contents of the Budget.

He described that the preparation of the budget every year is full of challenges, and the background and content of the challenges are different.

The challenge this year is how to stabilize people's livelihood and the economy, increase momentum for development, and plan for the future while the economy is getting warmer and the recovery momentum needs to be strengthened; on the other hand, we must maintain fiscal discipline and maintain the reliability of public finances Continuity, which requires creativity and proper balance.

Budget｜ACCA: The government should continue to distribute 10,000 yuan of consumer vouchers to the salaries tax and introduce a two-tiered taxation system. Record surplus and call for 5,000 yuan consumer coupon budget｜The three-year fight against the epidemic has paid more than 600 billion Hong Kong per capita 90,000 yuan. Will you reduce expenses in the future?