Budget Speech

New Economic Initiatives

58.      Faced with the global financial crisis, governments around the world are reviewing their strategies for economic development. There have also been calls for the Government to promote diversification of our economy. During an economic downturn, as well as addressing immediate needs, it is vital that we are far-sighted in encouraging high value-added economic activities that open up new sectors for sustainable economic growth. I will elaborate on our way forward in promoting technology-based, creative and green economies.