64. Promoting employment will help
the unemployed to re-enter the labour market, gain
self-confidence and ease the pressure on the social
security system, thus fostering the development of a
healthy and harmonious society.
As I pointed out in last year's Budget, the
most effective way of tackling unemployment is by
encouraging economic development.
A robust performance by
private enterprise plays a crucial role in easing the
The Government will also continue to allocate
resources for capital works projects, promote tourism,
logistics, environmental, and cultural and creative
industries, and will facilitate urban renewal and
building management and maintenance.
Apart from encouraging economic development,
these projects create more job opportunities.
Furthermore, the Government has
decided to extend about 11 600 temporary jobs in
the public sector, involving a sum of more than $880
the Government has initiated various retraining and
skills-upgrading schemes and has been encouraging people
to seek self-advancement and enhance their
competitiveness through the Continuing Education Fund.