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| Rowse wants to see some major cuts to the Hong Kong budget |
Hong Kong is all talk about the upcoming budget and how it needs to tackle the massive deficit, which is currently around HK$200 billion, according to Mike Rowse, who decades ago worked in the civil service dealing with public finances.
While he understands governments around the world need to borrow money in the form of issuing bonds, Rowse says these are still debts.
We love the way he describes in his column in the South China Morning Post how the current administration has spent taxpayer dollars these days: "Simply put, for the past few years, the Hong Kong government has been spending public money like drunken sailors on shore leave."
He suggests it's time to put everything on the table and make the necessary cuts to expenditures, including reducing the number of support staff that legislators have, the number of Economic and Trade Offices that have opened not only in China but also around the world, and asking all departments and policy bureaus to reduce spending.
Taxpayers want to see their money well spent, not like drunken sailors on shore leave...
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