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  "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."  
  Government Expenditure  

Total government expenditure: $440 billion (+15.6% year-on-year)
Recurrent expenditure: $291.3 billion (+10.5% year-on-year)


Social Welfare

Poverty Alleviation

  • Inject $15 billion into the Community Care Fund

Elderly Services

  • Allocate $8.3 billion for payment of the Old Age Living Allowance, to benefit more than 400 000 elderly people
  • Allocate $380 million from the Lotteries Fund to launch the first phase of the Pilot Scheme on Community CareService Voucher for the Elderly
  • Increase expenditure by $73 million for the provision of 600 additional subsidised places
  • Allocate an additional $164 million to increase the subvention for 7 000 places with continuum of care by 10 per cent, and to upgrade 7 850 ordinary places in subvented residential care homes for the elderly to places with continuum of care
  • Allocate an additional $160 million to provide 1 200 places under the two-year full-time Enrolled Nurse Training Programmes for the welfare sector

Rehabilitation Services for the Disabled

  • Allocate an additional $35.6 million to provide 145 new places each for residential and day training services
  • Allocate an additional $67.9 million to increase the manpower of residential care homes and day training centres
  • Allocate an additional $203 million to regularise the home care service for persons with severe disabilities



  • Optimise the management of specialist out-patient clinics to shorten the waiting time
  • Add 290 acute patient beds and convalescent beds
  • Use $8 billion to redevelop Kwai Chung Hospital
  • Enhance community support for patients with severe mental illness
  • Allocate $44 million to include in the Drug Formulary two chemotherapeutic drugs and expand the clinical application of two special drugs for treating advanced Parkinson’s disease and cancer


Land Supply

  • Include in the Land Sale Programme 46 residential sites, of which 28 are new sites
  • Include 9 sites for commercial/business use, providing a total floor area of 330 000 square metres
  • Carry out studies and design work relating to reclamation outside Victoria Harbour on an appropriate scale, opening up of new development area, etc


  • Capital works expenditure for next year will reach $70 billion, creating about 75 000 job opportunities



  • Inject $5 billion into the Language Fund
  • Inject $480 million to set up scholarships for 20 outstanding students to pursue studies overseas. Awardees must
  • undertake to be teachers upon graduation
  • Inject $40 million to establish scholarships to give recognition to outstanding tertiary students with special education needs
  • Allocate $12 million to the Vocational Training Council to support students with special education needs
  • Inject $15 billion into the Employees Retraining Board
  • Establish a $100 million training fund for maritime and aviation transport to attract young people to enrol in related skills training
  • Set up a task force to study manpower development in the retail industry



  • Earmark $10 billion to phase out old diesel commercial vehicles
  • Inject $5 billion into the Environment and Conservation Fund
  • Earmark $500 million to set up waste electrical and electronic equipment processing facilities and five community green stations
  • Take forward organic waste treatment facilities in Siu Ho Wan on Lantau



  Government Revenue  
  Total government revenue: $435.1 billion  
  "The use of public resources has always been guided by the principle of pragmatism. Resources are allocated in accordance with actualneeds and priorities, taking into account with our fiscal sustainability."  

Economic Outlook

  • There is a modest improvement in our economy this year. Forecast GDP growth is between 1.5% and 3.5%
  • Inflation will be subject to upward pressure. The average rate of headline inflation for the year isestimated at 4.5%, and the underlying inflation is 4.2%
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