WEDNESDAY, MARCH 2, 1988
25
'SOMETHING FOR ALL SECTORS OF OUR COMMUNITY'
THE FINANCIAL SECRETARY,
(WEDNESDAY) THAT HIS REVENUE SECTORS OF OUR COMMUNITY",
THE HON PIERS OFFERED PROPOSALS
SAID JACOBS, "SOMETHING FOR ALL
TODAY
SUMMING UP HIS BUDGET SPEECH IN
ADHERED TO SAID, "WE HAVE BUILDING FOR THE FUTURE.
THE
LEGISLATIVE
OUR
POLICY
OF
CONTINUITY
COUNCIL,
WE AND
HE ARR
Fr
EARNERS,
MIDDLE-INCOME
LESS ADVANTAGED OF OUR
"THE TAX CONCESSIONS, PARTICULARLY FOR AND THE EFFORTS WE ARE MAKING TO ASSIST THE COMMUNITY ARE ESPECIALLY WORTHY OF NOTE," HE SAID.
SAID HE HAD IN PUTTING TOGETHER HIS TAX PROPOSALS, MR JACOBS
ΤΟ ACHIEVE GREATER DELIBERATELY SOUGHT A BROADENING OF THE TAX BASE FISCAL STABILITY.
INCOME, IT
OUR
"AS AND WHEN PEOPLE ENJOY A REAL INCREASE IN THEIR IS NOT UNREASONABLE THAT THEY SHOULD CONTRIBUTE TO THE FUNDING OF PUBLIC SERVICES, HE SAID.
11
BEING CARRIED OUT IN REITERATED THAT THERE
MR JACOBS ALSO MENTIONED THAT WORK WAS RELATION TO A BROADLY BASED INDIRECT TAX, BUT WOULD NOT BE A RUSH INTO SOMETHING THAT DID NOT SUIT US.
REMIND
"IT IS IN THE CONTEXT OF MY THEME PLANNING THAT I BELIEVE WE MUST PRUDENCE, HE SAID.
11
OF CONTINUITY AND FORWARD
OF THE OURSELVES
NEED FOR
THE GOVERNANCE OF HONG KONG WAS BECOMING
REQUIRED OF THE
FUNCTIONS OF
INCREASINGLY COMPLEX WAS ADMINISTRATION
AND
THE EXPANDING.
RANGE
THE PRIVATE SECTOR, TOO, WAS PLAYING ITS PART THE PROVISION OF INFRASTRUCTURE, HE SAID.
PARTICULARLY IN
"AND WE ARE MAKING GREATER USE OF
STATUTORY
AUTHORITIES," HE
ADDED.
REGARDING
THE
VIGILANCE MR JACOBS SAID EXPERIENCE RELATION TO THE FACTOR IN DAMPENING LONG-TERM
POINTING OUT THE NEED FOR CONTINUING GROWTH IN PUBLIC SECTOR EXPENDITURE, ELSEWHERE SHOWED THAT AN EXPANDING PUBLIC SECTOR IN ECONOMY AS A WHOLE WAS OFTEN A MAJOR ECONOMIC PROSPECTS.
COULD
HE SAID HE RECOGNISED THAT HIS OVERALL BUDGETARY PACKAGE
THIS YEAR, BUT HE BELIEVED WELL PROVIDE A STIMULUS TO THE ECONOMY THAT THE EFFECT WOULD BE TOLERABLE.
"I HAVE
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