The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, recently posted on his blog that the new budget will be released on February 25th. Benefiting from the prosperity of the financial market and the overall increase in revenue, including stamp duty, the SAR government's operating accounts can recover profits ahead of schedule. With the SAR government increasing investment in public works projects, the capital account for this year will still record a deficit. He stated that the Hong Kong economy is steadily developing. Taking the financial industry, which accounts for 26% of Hong Kong's gross domestic product, as an example, the performance of Hong Kong's financial market last year was outstanding, bringing greater market demand and positive expectations to related industries. As for the trading industry, which accounts for 15% of Hong Kong's gross domestic product, it also provided support to the overall economy last year due to strong exports. The grand event has attracted more tourists to visit Hong Kong and added a good atmosphere to the market. This year marks the beginning of China's 15th Five Year Plan, bringing new opportunities to Hong Kong. He pointed out that last year, the SAR government proposed a strengthened version of the fiscal consolidation plan, which achieved certain results in controlling the increase of expenditure; At the same time, benefiting from the prosperity of the financial market, the overall revenue, including stamp duty, has increased, allowing the government's operating accounts to recover surplus ahead of schedule. However, overall government spending continues to rise, with education, healthcare, and social welfare accounting for nearly 60% of government spending. The SAR government needs to allocate resources accurately and maintain the sustainability of public services. At the same time, we also need to actively invest in the future, especially in the accelerated development of the northern metropolitan area. ”Chen Maobo said that with the SAR government increasing investment in public works projects, the capital account for this year will still record a deficit. The SAR government will leverage market forces, including moderate issuance of bonds, to support infrastructure development. Chen Maobo stated that the current ratio of outstanding debt of the SAR government to the gross domestic product is about 12%, which is still at a very healthy level internationally. In the coming month, the SAR government will continue to have in-depth communication with various sectors of society, hoping to better unleash economic potential, enhance development momentum, benefit people's livelihoods, and jointly build a better future through the new Budget. (New Society)