Public Finances

New Fiscal Philosophy

47.    The Chief Executive has put forward a new fiscal philosophy for the current-term Government.  It envisages that on the premise of ensuring the health of our public finance, the Government should adopt forward-looking and strategic financial management principles in optimising the use of surplus to invest for Hong Kong and relieve our people's burdens.  I agree entirely with her view.

48.    In formulating fiscal policies, we should strive to be innovative, responding to community aspirations promptly and effectively and making a head start to foster long-term development.