Friday, October 31, 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:
Police warn people to avoid radical protestors (10-30 18:18)
Activists setting up police complaints mechanism (10-30 18:03)
Waxwork Chinese leaders get democratic makeover in Hong Kong (10-30 17:57)
Senior civil servants in line for pay rise (10-30 16:53)
Concern over proposed discrimination amendments (10-30 16:52)
Acting FS warns of potential volatility (10-30 15:10)
CFA refuses to hear flag-burning activists' appeal (10-30 14:13)
Wages expected to rise 4.5pc next year (10-30 14:13)
LegCo debates motions looking at Occupy, police (10-30 12:22)
Tien's dismissal from CPPCC 'chilling': academic (10-30 11:03)

More breaking news >>

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