Tag Archives: Budget

Tsang’s effort to hide Hong Kong’s budget riches is suspicious

This year’s budget was notable for the Financial Secretary’s hand-wringing over events in Mong Kok, calling them shocking and an assault on Hong Kong’s core values.

John Tsang’s solution: “As long as everyone is willing to set aside short-term political considerations in favour of the long-term overall interests of Hong Kong, we shall have a chance to return to rationality.” While it is tempting to suggest he tells that to the Chinese Communist Party it has won him newspaper headlines for having ‘heart’ and being more in touch with Hong Kong’s problems than other senior government officials.

But leaving aside Tsang’s bromide political observations, his latest effort was much the same as previous budgets in that his main problem was to hide the extent of Hong Kong’s embarrassment of riches. Continue reading