What is the primary objective when the Special Administrative Region draws up its budget?

The primary objective when the Special Administrative Region (SAR) draws up its budget is to achieve fiscal balance. This is critical because a fiscally balanced budget ensures that the government maintains financial stability, preventing excessive deficits that could jeopardize economic health. By aiming for fiscal balance, the SAR can effectively manage public resources, maintain sustainable public spending, and ensure that its financial policies are sound in the long term.

Achieving fiscal balance also reflects the broader economic policy framework of the SAR, which emphasizes responsible financial management. This affects how funding is allocated across various sectors, including social services and infrastructure, while also considering future economic conditions. While promoting international trade, enhancing social services, and increasing governmental revenue are important functions of government budgeting, the underlying goal remains the management of finances in a way that sustains overall economic stability and prevents fiscal irresponsibility.