1999-2000 Budget Speech

Title

INTRODUCTION

THE HONG KONG ECONOMY

Economic Performance in 1998

Economic Outlook for 1999

The Labour Market

STRENGTHENING OUR FUNDAMENTALS

Hong Kong's Monetary Regime

Exchange Fund Investment in Local Equities

Strengthening Supervision of the Banks

Developing the Debt Market

Reforming the Securities and Futures Markets

Upgrading the Quality of Insurance Services

Developing Industries, Technology and Information Services

Expanding the Pool of Talent

The Cyberport Development

Reviving Tourism

ENHANCING PUBLIC SECTOR EFFICIENCY

Progress of the Enhanced Productivity Programme

Civil Service Reform : A Commitment to Improve

The Mode of Providing Public Services

Privatisation of Public Corporations

PUBLIC FINANCES

A Reputation for Prudence

The Basic Law Requirements

Budget Strategy

The Spending Constraints

Civil Service Pay Freeze

The Taxation System

The Fiscal Reserves

1998-99 Outturn

The 1999-2000 Forecast

Medium Range Forecast

REVENUE PROPOSALS

Salaries Tax

Profits Tax

Fees and Charges

Helping Business

Merchant Shipping Registration and Related Fees

Re-export Declaration Fees

Fuel Duty

Tax Proposals to Promote the Local Financial Markets

Air Passenger Departure Tax

Estate Duty

Business Registration Certificates

Double Taxation Agreements

Revenue Raising Measures

Stamp Duty on Property Transactions

Betting Duty

Tunnel Tolls

On-street Parking Meter Charges

Adjustment of Fixed Penalties for Traffic-related Offences

The Importance of the Revenue Raising Measures

Tobacco Duty

Tax Enforcement

Implementation of Revenue Proposals

Land and Sea Departure Tax

CONCLUSION

SUPPLEMENT (Pink Page)

APPENDICES (Yellow Page)

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