Budget 2016: Spending the surplus #4 – Lo Wai-kwok (盧偉國)

What’s an FS to do with $100 billion spare cash? LegCo members weigh in on priorities for  the surplus, whatever it is. Today: Lo Wai-kwok.


Lo Wai-kwok (盧偉國) – Business and Professionals Alliance; FC – Engineering

I think initiatives related to innovation and technology should be the focus of the upcoming Budget, just as the Chief Executive did in his Policy Address. In particular, I hope the Financial Secretary will set a tax deduction of three times for start-ups in the field of innovative and scientific research.

As the legislator representing the engineering sector, I hope the FS will give a clearer picture as to what the “Hong Kong 2030+” strategy can deliver. The Government so far outlined seven infrastructure projects but the strategy is yet short of details. Instead of handing out one-off reliefs, the Government should make policies that will facilitate Hong Kong’s long term growth its priority.

the author

Alex Fok is a Harbour Times journalist monitoring Hong Kong's daily political scene and diplomatic updates. He obtained his bachelor's degree in Economics, Politics and International Studies from University of Warwick and his master's degree in International Relations from the London School of Economics and Political Science. He is a former committee member of the Warwick-based Hong Kong Public Affairs and Social Service Society (WHKPASS) and was the chief editor of the society's magazine - PASSTIMES.