The 2004-05 Budget - Budget Speech

Contents

Paragraph

Introduction

1-6

Directions for Development

Market Leads, Government Facilitates

7-8

Revitalising the Economy,
Promoting Employment

9-11

Capitalising on the Mainland/Hong Kong Closer
Economic Partnership Arrangement

12-20

Investing in Education and Training,
Attracting Talent

21-24

Promoting Financial Co-operation between
    Hong Kong and the Mainland,
    Reinforcing Our Status as an
    International Financial Centre

25-31

Stimulating Tourism,
Promoting Hospitality

32-37

Fostering Creativity and Innovation,
Moving Towards High Value-added Industries

38-41

Co-ordinating Economic and Infrastructural Projects,
Facilitating Logistics Development

42-44

Economic Performance and Prospects

Economic Performance in 2003

45-47

Economic Prospects for 2004

48-51

Medium-term Prospects

52-54

Public Finances

Prudent Management of Public Finances,
Achieving Fiscal Balance

55-57

2003-04 Outturn

Estimates of Operating Expenditure

59-65

Community Contribution

66-68

Estimates of Capital Expenditure

69-71

Allocation of Expenditure

Revenue

Giving Our Community a Respite

73-75

Extending the Salaries Tax Deduction
for Home Loan Interest

76-77

Extending the Duty Concession
for Ultra Low Sulphur Diesel

78-79

Revenue-raising Measures, The "User Pays" Principle

Personalised Vehicle Registration Marks Scheme

80-82

Government Fees and Charges

83-86

"Green" Tax

87-89

Other Taxes

Estate Duty

Duty on Alcoholic Beverages

Capital Revenue

Sale of Government Assets and Securitisation

92-94

Issuance of Government Bonds

95-98

Medium Range Forecast and Fiscal Reserves

Medium Range Forecast

99-102

Fiscal Reserves

103-104

Public Expenditure

105

Broadening the Tax Base

Need to Secure Steady Revenues

106-108

Goods and Services Tax

109-113

Concluding Remarks

114-118

Supplement

Appendices A-C

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2003\| Important notices	Last revision date : 10 March, 2004