TNAG-2470-FCO40-3594-Budget-of-Hong-Kong-1992 — Page 104

The Budget 1992-93

The Financial Secretary's

Budget Broadcast

Good evening,

It

afternoon, I presented my first Budget.

to improve and expand existing

for particularly

1.

This

outlined

plans our

the social

programmes,

services.

It

identified our investment proposals, including the new

airport.

And I announced

well as important tax

salary-earning family.

2.

as

some modest tax increases

concessions for the average

Hong Kong can afford this balanced package of

prudent increases in government spending without large tax

the encouraging way our economy is

increases, because of

performing.

our usual

48.

In 1990, growth was only 3%, disappointing by

standards.

But last year, economic growth was

And we hope to hit 5% for 1992.

90'd

ØRST LES 298

'S'I'D

20:91

2661-JUW-DO