Click here to download the complete set of the 201415 budget for offline reading. Middleclass families to get massive tax breaks in hong. December 2014 30th june 2014 31st december 20 30th june 20. Budget 2019 statement of the minister for finance and public expenditure and reform mr. Hong kong budget announcement 2016 a long term view for tomorrows success.
Budget cuts will have big impact on hktop newschinadaily. Report of the working group on longterm fiscal planning. This page provides hong kong government budget actual values, historical data. No new preferential policies will be introduced tax legislation reform aimed. The government budget has long been overly dependent on propertyrelated incomes. However, it doesnt have to be that wayaccommodation can be fair, food can be a bargain, and the best sightseeing is free anyway.
Budget guide to hong kong hotels, dining, and sightseeing. The following are highlights of hong kongs budget for the 201617 fiscal year starting in april, presented by financial secretary john tsang. Operating expenditure recurrent expenditure personal emoluments. Your source for credible news and authoritative insights from hong kong, china and the world. These budget surpluses come largely from property gains off the backs of just 7 million people, many who have. As the sole vendor of new land for development, the hong kong government. Will the hong kong budget finally be fair to the elderly. Prodemocracy lawmakers say budget perpetuates wealth gap level of gov.
Click here to download the complete set of the 2014 15 budget for offline reading. The visual hong kong budget south china morning post. The research unit of the legislative council has released a nifty study of the history of the government budget since the 1997 handover, right up to the current 20172018 budget. Hong kong, government expenditure in hong kong from 2008 to 2018 in billion hong kong dollars statista, s. The financial secretary for the hong kong special administrative region hksar, john tsang, has delivered his ninth budget on wednesday, 24 february 2016. Financial services and the treasury bureau, government secretariat enquiry telephone no 2810 3658. Total government spending, 405,871, 435,633, 462,052, 470,863, 531,810.
The principles underlying the government s management of public finances are enshrined in the basic law, which stipulates that the hong kong special administrative region hksar shall have independent finances, and shall use its revenues exclusively for its own purposes. On october 9, 2018, i stood before judge babalwa mantame and took an oath of office. For example, the government is involved in public works projects, healthcare, education, and social welfare spending. Rooms 0515, af, south tower, world finance centre, harbour city, 17 canton. Tax measures were introduced to help develop hong kong as an intellectual property hub and corporate treasury centre. To keep you ahead of change, our subjectmatter experts share their insights on how it impacts you as a business, an industry and an individual. Hong kong financial secretary paul chan delivered the 2018 budget at the legislature on wednesday. Hk finlands government is rolling out a support package to businesses. Department of housing and urban development 451 7th street s. Overview of holidays and many observances in hong kong during the year 2014. The investment incomes on the fiscal reserves for 2014 15 and 201516 have been set aside and retained within the exchange fund as provision for the housing reserve, and were not received on 31 december 2014 and 31 december 2015. The madness at the heart of hong kongs public spending.
Census and statistics department took part in hong kong book fair. Provincial budget tax changes province of british columbia. Hong kong recorded a government budget deficit equal to 1. At every budget speech, the financial secretary announces estimates for the fiscal year to. The principles underlying the governments management of public finances are enshrined in the basic law, which stipulates that the hong kong special administrative region hksar shall have independent finances, and shall use its revenues exclusively for its own purposes. Hong kong, government expenditure in hong kong from 2008. Our coverage includes a commentary and analysis in response to the budget prepared by the deloitte hong kong budget team, led by yvonne law, partner of deloitte china, and a summary highlighting the key proposals. Hong kong is a city that can empty your bank account, burn up your credit card, and leave your piggy bank thoroughly smashed. Calendars online and print friendly for any year and month. Since then, the government has made steady progress to repair the budget and chart a responsible path back to surplus. Introduction financial secretary john tsang delivered the eighth budget speech of his career on 25 february 2015. With economic action plan 2014, the government is taking further steps to ensure federal funding. Founded in 2002, the culinary arts centre hong kong has perfected teaching techniques for baking and.
Highlightshong kong budget for fiscal 201617 reuters. Feb 28, 2018 hong kong unveiled new plans to invest in technology and return funds to the public on wednesday, as the city finds itself swimming in cash thanks to redhot property and financial services markets. Monthly public sector current budget deficit 2014 to 2019. Hong kong government budget 19992019 data 20202022. Government spending in hong kong increased to 82579 hkd million in the first quarter of 2020 from 75319 hkd million in the fourth quarter of 2019.
Hong kong government spending 19732020 data 20212022. The same increase applies to the additional allowance for taxpayers residing with these parents grandparents continuously throughout the year. Check our page for the latest updates and news on covid19 coronavirus. Hong kong still to be issued push for tax legislation lou said thec leanup of local tax preference policies, initiated by the state council in november 2014, covers all companies the mof is focusing on maintaining fair competition based on the market. Assist the airport authority hong kong in pressing ahead with the. The governments economic plan and this budget are building a stronger.
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