The annual Budget set to be released on Wednesday will feature a purple cover symbolizing the strengthening internal momentum of Hong Kong’s economy amid a rapidly changing external environment, said Financial Secretary Paul Chan Mo-po.
In his blog published on Sunday, Chan expressed his gratitude for the valuable insights from various sectors regarding the Budget, emphasizing a shared aspiration for better development in Hong Kong and greater support for diverse communities.
He said that the government has been diligently working to boost the economy, pursue development, and enhance the livelihood of the people, aligning closely with societal expectations.
Chan noted that following last year’s sustained economic growth, Hong Kong’s economy is off to a good start this year. However, in the face of an unpredictable external environment and uncertainties during economic transformation, fiscal management must be prudent.
The government must take into account the short, medium, and long-term needs of society and maintain adequate reserves to respond to unforeseen circumstances, he said.
He noted that the means to achieve goals and allocate resources are often limited by the current environment, necessitating the setting of priorities and making difficult choices. He will carefully consider views from all sectors and take a holistic approach in formulating the Budget, striving for overall balance in the plan.
“Let us stand together and strive relentlessly for higher‑quality and more inclusive social and economic development for Hong Kong,” he said.
