cap
COKZZUSIÓN
55.
三
In conclusion, I would like to respond to the
suggestion made by a few Members that my budget lacked a theme; that it was a book-keeper's budget and that it lacked foresight and innovation. Maybe, in somewhere as undeniably exciting as
Hong Kong, we have come too readily to expect drama as the
norm. But, it is the successful avoidance of drama that is the
essence of my strategy.
I believe that stability and
are
-
I
continuity is what Hong Kong needs in its fiscal management. consider that is both what my budget strategy is delivering and what this community wants
low and predictable tax regime,
strong reserves combined with
expenditure.
Sap
Yeap 5o.
56
S.c.
steady growth in public
Lastly, Sir, in debating this year's budget proposals a number of Members, including Miss Dunn, called for a review of
the structure and operation of our taxation system. I am
conscious of the need to ensure that the structure of our
taxation system is kept up-to-date, and that its operation remains responsive to the changing needs of our community. During the course of this debate, Members have touched upon many issues that point the way to reform. At the outset of this
le speech, I observed that what has been said will help us in our
thinking. That is one of the great benefits of this debate. thank all those Members who have spoken so helpfully.
Sir, I beg to move.
I
Question put and agreed to.
Bill read the Second time.
Bill committed to a Committee of the whole Council pursuant to Standing Order 43(1).
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