TNAG-2470-FCO40-3594-Budget-of-Hong-Kong-1992 — Page 91

The Budget 1992–93

The Financial Secretary's

Budget Broadcast

Good evening,

This afternoon, I presented my first Budget.

It

outlined our plans to improve and expand existing

our

programmes,

identified

airport. And I announced

particularly

for the

social services.

It

including investment proposals,

the

new

well

as

important tax

some modest tax increases

concessions for the average.

as

salary-earning family.

2.

Hong Kong

can afford

this balanced package of

prudent increases in government spending without large tax

increases, because of the encouraging way our economy is

performing.

our usual

4%.

In 1990, growth was only 3%, disappointing by

standards.

But last year, economic growth was

And we hope to hit 5% for 1992.

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