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Budget Speech

 

 

Contents
Paragraph

Introduction
1-6
 

 

   
Directions for Development
Market Leads, Government Facilitates

7-8

Revitalising the Economy,
    Promoting Employment

9-11

Capitalising on the Mainland/Hong Kong Closer
    Economic Partnership Arrangement

12-20

Investing in Education and Training,
    Attracting Talent

21-24

Promoting Financial Co-operation between
    Hong Kong and the Mainland,
    Reinforcing Our Status as an
    International Financial Centre

25-31

Stimulating Tourism,
    Promoting Hospitality

32-37

Fostering Creativity and Innovation,
    Moving Towards High Value-added Industries

38-41

Co-ordinating Economic and Infrastructural Projects,
    Facilitating Logistics Development

42-44


Economic Performance and Prospects
Economic Performance in 2003 45-47
Economic Prospects for 2004 48-51
Medium-term Prospects 52-54

Public Finances
Prudent Management of Public Finances,
    Achieving Fiscal Balance

55-57

2003-04 Outturn

58

Estimates of Operating Expenditure

59-65

Community Contribution

66-68

Estimates of Capital Expenditure

69-71

Allocation of Expenditure

72


Revenue
Giving Our Community a Respite

73-75

Extending the Salaries Tax Deduction
    for Home Loan Interest

76-77

Extending the Duty Concession
    for Ultra Low Sulphur Diesel

78-79

Revenue-raising Measures, The "User Pays" Principle

Personalised Vehicle Registration Marks Scheme

80-82

Government Fees and Charges

83-86

"Green" Tax

87-89

Other Taxes

Estate Duty

90

Duty on Alcoholic Beverages

91

Capital Revenue

Sale of Government Assets and Securitisation

92-94


Issuance of Government Bonds

95-98


Medium Range Forecast and Fiscal Reserves
Medium Range Forecast

99-102

Fiscal Reserves

103-104

Public Expenditure

105


Broadening the Tax Base
Need to Secure Steady Revenues

106-108

Goods and Services Tax

109-113


Concluding Remarks

114-118


Supplement

Appendices A-C
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2003 | Important notices
Last revision date : 10 March, 2004