Your article “Big projects threaten Hong Kong’s finances” (Report, November 8) presents a misleading view of Hong Kong’s fiscal position.
On the contrary, Hong Kong’s fiscal reserves will remain strong as the Hong Kong Special Administrative Region government continues to uphold fiscal discipline to preserve longer-term budget sustainability while pursuing new economic growth engines.
With the success of our efforts to contain the spread of Covid-19 and the stimulation brought about by the countercyclical measures, our economy remains on track for recovery from the pandemic, as is evident from the year-on-year real growth in gross domestic product of 7 per cent recorded for the first three quarters of 2021.
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