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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

Waste charging promoted in schools

Secretary for Environment & Ecology Tse Chin-wan and Under Secretary for Education Sze Chun-fai today viewed Yaumati Kaifong Association School's educational activities on municipal solid waste (MSW) charging.

 

They browsed information boards on MSW charging and participated in a quiz game with 80 students from Yaumati Kaifong Association School and TKDS Fong Shu Chuen School.

 

Mr Tse noted: “MSW charging will be implemented on April 1. Our implementation strategy is firstly, through education as nurturing the public to develop the habit of clean recycling is particularly important. Therefore, we attach great importance to the promotion and educational work at the school level.”

 

The Environmental Protection Department will distribute a 15-litre pre-paid designated bag to each primary school student in Hong Kong progressively, so they can share the MSW charging information at home with their families.

 

The department will also arrange for publicity materials on MSW charging, including posters, banners and electronic leaflets, to be displayed in all primary and secondary schools in Hong Kong and distribute the materials to students, staff and parent groups by email.


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