Introduction

Economic Performance and Prospects

Economic Performance

External Economic Environment

Restructuring of the Hong Kong Economy

Hong Kong's Competitive Advantages and Challenges

Moving up the Value Chain

Financial Services

Logistics

Tourism

Producer and Professional Services

Local Community Economy

Quality, Speed and Creativity

Nurturing and Attracting Talent

Fostering Economic Flows between Hong Kong and its Hinterland

Economic Role of the Government

Economic Prospects for 2002 and the Medium Term

Public Finances

Share of Public Expenditure in the Economy

Basis for Comparison of Growth in Expenditure and the Economy

Consolidated and Operation Balances

Fiscal Reserves

Medium Range Forecast : Restoring Fiscal Balance

2001-02 Outturn

Restoring Fiscal Balance Step by Step

Controlling Expenditure Growth in Real Terms

Civil Service Pay

Doing More with Less

Controlling Expenditure Growth in Money Terms

Revenue Proposals for 2002-03

• Duty on Wine
  

• Quantities of Duty-free Tobacco and Still Wine
  

The Shortfall

• Boundary Facilities Improvement Tax
  

• Making Up the Shortfall : The Way Forward
  

2002-03 Expenditure Estimates
　

Helping the Community Ride Out the Storm

• Reducing Rates Payments
  

• Reducing Water and Sewage Charges and Trade Effluent Surcharge
  

• Waiving Business Registration Fee
  

• Extending Duty Concession for Ultra Low Sulphur Diesel
  

• Freezing Government Fees and Charges
  

• Summary of Concessions
  

• Rates Revaluation
  

• Youth Work Experience and Training Scheme
  

Estimates of Revenue and Expenditure

　

Concluding Remarks