The squirrel obsessions of Hong Kong's ruling bureaucracy are becoming ever more apparent as the economy weakens. Secure in their high-paying own jobs and inflation-proof pensions, they plead the potential poverty of public finances for crafting a budget for the coming fiscal year with a deficit of just HK$36 billion or 2.3percent of Gross Domestic Product.
Hong Kong Hoards the Cash
The squirrel obsessions of Hong Kong's ruling bureaucracy are becoming ever more apparent as the economy weakens. Secure in their high-paying own jobs and inflation-proof pensions, they plead the potential poverty of public finances for crafting a budget for the coming fiscal year with a deficit of just HK$36 billion or 2.3percent of Gross Domestic Product.
Comments on this post are for paying subscribers