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FS's transcript


Following is the transcript (English portion) of a media session by the Financial Secretary, Mr Henry Tang, after attending a radio programme this (January 3) morning:

Reporter: (about taxes)

Financial Secretary: I have not ruled out any options as yet regarding taxes. However, I feel that in the past year, we have experienced and overcome many challenges, so it may not be a bad idea to give the public an opportunity to take a rest, so to speak, from new taxes. However, in view of our fiscal situation, some of these choices may be inevitable.

Reporter: (inaudible)

Financial Secretary: I always say that one should hope for the best but plan for the worst.

(Please also refer to the Chinese portion of the transcript)

Ends/Saturday, January 03, 2004


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