Wednesday, November 25, 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:
Lau Kong-wah visits HK affairs office in Beijing (11-24 17:04)
Transport chief takes HK logistics message to Seoul (11-24 17:02)
Winter chill set to descend on city (11-24 15:53)
113 of 189 new HIV infections linked to gay or bisexual contact (11-24 13:33)
HKU seeks longer court ban on leaks (11-24 13:27)
Leung warms up to young politicians (11-24 12:04)
Fitness trainer jailed for credit card data thefts (11-23 20:10)
Democracy desire remains strong, says Civic Party (11-23 18:17)
French school adopts flexible layouts for new campus (11-23 18:00)
Hanging gardens planned for French school’s new campus (11-23 17:57)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.