Feb 8 • 01:30 UTC 🇨🇳 China South China Morning Post

Hong Kong’s budget should move the city towards ‘inspirational’ development

The opinion piece argues that Hong Kong’s upcoming budget should align with global economic trends and focus on inspiring development in future industries.

In an opinion piece for the South China Morning Post, the author emphasizes the need for Hong Kong's 2026-27 budget to not only reflect fiscal management but also to inspire forward-thinking economic development. The Financial Secretary, Paul Chan Mo-po, is in the process of finalizing the budget amidst competing interests for financial incentives and a call for responsible fiscal policies. Traditionally, budget speeches in Hong Kong have been predictable, focusing on past performances, forecasts, and short-term support measures that often prioritize public satisfaction with subsidies and tax adjustments.

However, the author argues that this year's budget should pivot towards a more ambitious vision for the city's economy, addressing how it can position itself within global and national economic trends. The piece suggests that the financial plan should outline Hong Kong's role in burgeoning industries and inspire confidence in its potential for innovation and growth. By doing so, the budget speech should aim to provide clarity and direction that aligns with the aspirations of Hong Kong’s residents, going beyond mere financial statistics to foster a narrative of progress.

The implications of this approach are significant; by framing the budget as an inspirational catalyst for the city’s future, it could help galvanize public support and enhance the city’s appeal as an international business hub. It calls for a paradigm shift in how fiscal statements are perceived—not merely as accounting exercises but as blueprints for sustainable growth that inspire both citizens and investors alike.

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