Hong Kong Financial Secretary Paul Chan Mo-po revealed yesterday in the Legislative Council a detailed analysis of Hong Kong's future economic prospects. However, what caught the most attention was his disclosure that the comprehensive deficit for this fiscal year will rise to around 100 billion yuan, far exceeding the February forecast of 48.1 billion yuan. Paul Chan Mo-po suggested a way to address this: the main focus is on cutting expenses, while increasing revenue is just a supplementary measure. It is reported that Hong Kong is considering escalating the previous practice of reducing government recurrent expenditures by 1% to 2% to free up resources for internal reallocation. (Hong Kong Economic Journal)