Saturday, January 31, 2015   

'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:
School students taking way too much salt (01-30 18:12)
Kwok Ka-ki urges probe into parallel trade (01-30 16:31)
EOC help sought for children with special needs (01-30 15:56)
Private housing supply hits eight-year high (01-30 15:40)
New 'Undergrad' issue blasts Leung (01-30 15:12)
Rally organizers remain defiant (01-30 15:11)
Case against ATV postponed to next month (01-30 15:11)
Businessman jailed for Wan Chai cash grab (01-30 15:10)
Man killed in Mong Kok car accident (01-30 10:55)
Complaints about first-hand property sale rise (01-28 14:05)

More breaking news >>

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