To sum up: I hope the Financial Secretary will accept that it has proved difficult to take a definitive view of the budget this year in the absence of answers to these questions
what is the Government's true financial position?
what is the true size of the public sector?
what are the likely financial needs of the
MTRC and other statutory corporations?
what are the projections of revenue and expenditure
for the forecast period?
what will be or are likely to be the long-term
effects of Annex III of the Joint Declaration
on our available capital revenue?
can we maintain our recurrent services intact
and avoid stop-go in our capital works programmes without recourse to ever higher
taxation?
if not, then what?
No comments yet.
Private notes are available after approval.