Wednesday, October 22, 2014   

'Future Fund' necessary, says govt group
(03-03 19:08)

Experts from a government working group on Monday urged the administration to put one-third of its annual fiscal surplus into a new "Future Fund" that could bankroll needed infrastructure developments even if the government is running a deficit.
The Working Group on Long-Term Fiscal Planning said such a fund could grow to over half a trillion Hong Kong dollars by 2041 and that such a massive war-chest was necessary in light of the territory's shrinking population and aging workforce.
The group also stood by its prediction that Hong Kong could start to see a structural deficit within seven years. --RTHK   
Other Hong Kong breaking news:
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Students to discuss way forward on reform (2 hrs 56 mins ago)
Students urged to rethink 'destructive tactics' (2 hrs 57 mins ago)
Netizens lampoon government negotiators (10-22 13:02)
Beijing's political framework for HK not final: CS (10-21 19:53)
Govt to report Occupy movement to Beijing: CS (10-21 19:27)
No misleading report submitted to NPCSC: Lam (10-21 19:06)
Ignoring injunctions could undermine rule of law (10-21 19:04)
Signature campaign against police commissioner (10-21 19:03)
IPCC chairman defends decision over protests (10-21 19:02)

More breaking news >>

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