102.     The Government will achieve operating and consolidated balances in 2006-07, at which time the fiscal reserves are forecast to be $271.2 billion, equivalent to 12 months of government expenditure.

Chart 8

Forecast of consolidated and operating surplus/deficit

Forecast of consolidation/and operating surplus/deficit



Chart 9

Forecast of Fiscal Reserves Balance

Forecast of Fiscal Reserves Balance


 

Concluding Remarks

 

103.     It has been my great honour to lead the preparation of this Budget.  Over the past 30 years, I have often travelled on business.  Whenever I was away, however, I longed to return to Hong Kong, my home town.  In Hong Kong we have the wonton noodle, "daipaidong" tea, and noisy but lively tea houses. Also, the night scenes that surround our harbour are so colourful, dazzling and enchanting and can be found in no other place in the world.  So many lights.  I see each light as a symbol of the energy and brilliance of this great city.

 

104.     We have all grown up in Hong Kong.  Many of you may still remember the days of water rationing, when we had to queue up in the street, bucket in hand, waiting for our turn, and the times when the whole family had to assemble plastic flowers or put stickers on toys to make ends meet.  We have moved on past all those times now.

 

105.     Hong Kong is a vibrant and dynamic place.  With determination and hard work, we can achieve our goals.  The Hong Kong that we treasure is caring, full of mutual respect, very free and a great believer in diversity.  Today we are in the rough.  It is high time for all of us to pitch in.  I believe that this is the wish of Members, my government colleagues, the media and citizens outside this Chamber.  In these difficult times, I see many people rising to the challenge, working harder and holding their heads up high.  I am confident that we will scale new heights.

 

106.     Compared with so many other places, Hong Kong has a promising future.  This is founded on the strength and prosperity of our hinterland.  Since reunification in 1997, we are no longer separated from our motherland by an accident of history.  With the implementation of "One Country, Two Systems", Hong Kong has returned to her embrace.  We will continue to help build our nation.  Hong Kong has always been an energetic, free, liberal and enterprising city.  History made us the pearl of the convergence between East and West.  As we forge ahead, we have a special role to play at the vanguard of our motherland's integration with the rest of the world.

 

107.     I look forward to working with Members of this Council, my government colleagues and the whole community, to revitalise our economy and to contribute to Hong Kong and our nation.

 

108.                   In closing, I would like to share with you the following lyrics6 -

Of one mind in pursuit of our dream

All discord set aside

With one heart on the same bright quest

Fearless and valiant inside

 

Hand in hand to the ends of the earth

Rough terrain no respite

Side by side we overcome ills

As the Hong Kong story we write.


 

 6        The lyrics are extracted from the theme song of "Under the Lion Rock" which is in Chinese.  The English translation is for the purpose of this Speech.