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FS outlines fiscal consolidation plan

In the 2024-25 Budget announced today, Financial Secretary Paul Chan proposed a number of measures to increase revenue and outlined a fiscal consolidation programme which aims to restore fiscal balance in a few years’ time.   Mr Chan said even though the Government strived to reduce expenditure as the COVID-19 pandemic had subsided, the total expenditure for 2023-24 reached $727.9 billion, representing an increase of 36.9% compared with 2018-19, of which operating expenditure rose substantially by 40.2% whereas operating revenue increased only 13.1%.   On capital works, owing to the fact that the Government has been pressing ahead with land and housing supply projects, along with other infrastructure works for improving the environment and people’s livelihood, the average annual expenditure has increased from about $76 billion over the past five years to about $85 billion in 2023-24.   Fiscal reserves have dropped to the current level of $733.2 billion.   Fiscal consoli

Alert issued over fake HKeToll sites

The Transport Department today alerted the public to fraudulent websites purporting to offer HKeToll services and deceive users into submitting their credit card information to make payments.

 

Minus the spaces added here, the addresses of the websites are “gov . hktc . etollu . xyz” and “etollu . xyz”.

 

The department clarified that these websites have no connection with HKeToll and have been reported to Police for follow-up.

 

If vehicle owners wish to pay an outstanding toll online, they must log in to the HKeToll website or mobile app.

 

The department urged citizens to stay alert when receiving unidentified messages and refrain from visiting suspicious websites or disclosing personal data. Anyone who has provided personal information to such websites should contact Police.

 

Call 3853 7333 for enquiries about HKeToll.


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