Saturday, October 25, 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:
Protesters to hold street vote (10-24 18:08)
CY should consider quitting: Tien (10-24 18:03)
High Court hears injunction application (10-24 15:48)
Sharp rise in new flats (10-24 15:48)
Lion Rock pro-democracy banner removed (10-24 15:44)
Tung calls for end of democracy protests (10-24 15:42)
More dialogue urged between govt and students (10-24 12:06)
Eleven arrested in connection with protests (10-23 19:00)
Some makeshift barriers removed in Mongkok (10-23 18:59)
Protests risk turning into civil disorder: Court (10-23 15:32)

More breaking news >>

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