Enjoying the prospect of record budget surpluses, Hong Kong's Financial Secretary ("FS"), John Tsang, delivered his maiden budget speech on 27 February. He used it to give away billions not just returning it to corporate and individual tax payers but also giving to just about every strata of society using some very novel schemes to achieve his stated aims of being "Sustainable", "Pragmatic" as well as demonstrating a "Commitment to Society". The budget included tax breaks, reductions and waivers, one off measures and grants. This TechNews summarizes the highlights of the macro economic environment giving rise to record surpluses, the new principal tax rates and the variety of measures taken to spread the good fortune across society.