Chen maobo, financial secretary of the Hong Kong Special Administrative Region government, said on the 7th that Hong Kong's fiscal deficit this year is expected to be much lower than the estimate at the beginning of the year. Chen maobo posted a blog on the 7th, saying that since the beginning of this year, Hong Kong has benefited from the booming export, the gradual control of the epidemic and the gradual improvement of the economy. The electronic consumption vouchers distributed by the SAR government to the public have boosted the market of catering, retail and service industries, which have laid a foundation for the improvement of the revenue of the SAR government. Chen maobo said that some high-quality lots in urban areas were sold at high prices, and the market sentiment towards the prospect of the property market was positive. Therefore, developers were more active in paying land prices to develop land, resulting in a record high related income of more than HK $40 billion by the end of October. In addition, the property market and stock market were booming in the first half of the year, and the stamp duty income on property and stocks was also higher than expected. Chen maobo said that in the past two years, the SAR government has taken strong counter cyclical measures to reduce the pressure on citizens and enterprises caused by the economic downturn. As for the future mobilization and utilization of resources, we must think in many ways, including making the grass-roots people more benefit, working towards a more equitable sharing of economic achievements, promoting "common prosperity", and promoting a stronger, more comprehensive and more consolidated growth momentum for the Hong Kong economy. (outlook new era)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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