Now, as one of the most successful cities in the world, Hong Kong runs a budget surplus, unlike the US, Japan, UK and most of Europe and Canada, which are either near bankrupt, or heavily in debt or running big budget deficits.
peter236 發表於 2010-2-23 01:14 
Ya, the sky's falling in everywhere in the world except in Big China ar mah~ We know that's what you're gonna say la. And lemme tell you, any country can run a budget surplus as well if they do what the HKSAR government does -- handout unrealistically tiny amounts of funding to public and social services (such as healthcare, social support funds and programs), earmark chunks of money for aid programs to different industries and people so that the government looks good to the public, but when it comes time for people to actually apply for any of those, the requirements are super strict and basically impossible to qualify. So there is money left over, and the government can claim its surplus. And then it gets in bed with industry giants to funnel projects, land, and $$ into their coffers while leaving the poor to fend for themselves and rot.
-Lik |