Working Group on Long-Term Fiscal Planning
The Financial Secretary announced in the 2013-14 Budget Speech to set up a working group to explore ways to make more comprehensive planning for Hong Kong's public finances to cope with the ageing population and the Government's other long-term commitments.
The Working Group on Long-Term Fiscal Planning, led by the Permanent Secretary for Financial Services and the Treasury (Treasury), was set up in June 2013. The Working Group comprises government officials and non-official members who are scholars and experts with vast experience and rich knowledge in their professions/sectors such as economics, accountancy, financial services and actuary services. The membership of the Working Group is as follows:
| Chairperson | |
|---|---|
| Ms Elizabeth Tse | Permanent Secretary for Financial Services and the Treasury (Treasury) |
| Non-official Members | |
| Professor Liu Pak-wai | Professor of Economics The Chinese University of Hong Kong |
| Professor Francis Lui | Head and Professor Department of Economics School of Business and Management The Hong Kong University of Science and Technology |
| Mr Mark Saunders | Managing Director Asia Pacific Insurance Sector Towers Watson |
| Mrs Jennifer Wong | Partner KPMG |
| Mr Marcellus Wong | Senior Adviser PricewaterhouseCoopers |
| Ex-officio Members | |
| Mrs Lesley Wong | Director of Accounting Services |
| Mrs Helen Chan | Government Economist |
| Ms Esther Leung | Deputy Secretary for Financial Services and the Treasury (Treasury)1 |
| Secretary | |
| Mr Charlix Wong | Principal Assistant Secretary for Financial Services and the Treasury (Treasury)(H) |
The objective of the Working Group is to assess, under existing policies, the long-term public expenditure needs and changes in government revenue, and to propose feasible measures with reference to overseas experience. The Working Group aims to report to the Financial Secretary by the end of 2013 at the earliest.