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Budget Speech


Caring for People's Livelihood

110.    Social welfare, education and medical services are the major spenders of public resources.  In 2013-14, estimated recurrent expenditure in these three areas will approach $170 billion, or 60 per cent of recurrent government expenditure.  This is an increase of $55.1 billion, or 50 per cent, compared with 2007-08.  I have already covered the Government's plans to invest in education and optimise human capital.  I shall now focus on the major initiatives in social welfare, healthcare services and environmental protection.



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