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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

Man charged with seditious intent

Police's National Security Department today laid a holding charge against a 35-year-old man on one count of committing an act or acts with seditious intent.

 

The case will be mentioned at the West Kowloon Magistrates’ Courts this afternoon.

 

The man was arrested in Sha Tin yesterday on suspicion of committing an act or acts with seditious intent, in contravention of Sections 9 and 10 of the Crimes Ordinance.

 

A police investigation determined that he is suspected of repeatedly publishing posts with seditious intent on social platforms by way of content provoking hatred towards the central authorities and the Hong Kong Special Administrative Region Government.

 

Officers searched his residence with a court warrant and seized electronic communication devices that he had used to publish the messages.

 

Police emphasised that acts committed with seditious intent are a serious crime liable to two years’ imprisonment on first conviction.


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