Saturday, August 29, 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:
Three activists jailed for Legco lobby protest (08-28 21:50)
Leung tells Jin Liqun of HK’s desire to join development bank (08-28 19:47)
Omega showcases Speedmaster Moonwatch (08-28 19:32)
Novelist Drabble to dine with fans at literary fest (08-28 17:54)
Fourth student faces Occupy protest charges (08-28 17:04)
Yau Ma Tei sex worker murder accused remanded (08-28 17:02)
Liberal Tien lays blame for HKU crisis at CY’s feet (08-28 17:00)
Beijing warms to democrats (08-27 21:42)
Youth held in Tsim Sha Tsui with cannabis and cocaine (08-27 21:37)
Woman charged with murdering son (08-27 14:32)

More breaking news >>

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