Policy Address

X. Conclusion

192.         Mr President, Honourable Members and fellow citizens, steady economic development throughout the first one and a half years of the current-term Government has landed us in a relatively strong fiscal position.  I have stated candidly in public many times that even with such financial strength, I do not consider it appropriate to hand out cash to everyone.  Instead, money should be spent on helping those in need, improving the quality of life for all, enhancing our competitiveness as a whole, nurturing the next generation and making long-term investments.

193.         The implementation of the policies and initiatives announced in this Policy Address will incur a substantial amount of additional recurrent expenditure.  It demonstrates the determination of the current-term Government to tackle the root of the entrenched problems in our society.  In particular, it shows our commitment to alleviating poverty, caring for the elderly, supporting the disadvantaged, nurturing the youth and enhancing the quality of public healthcare services.

Contents | Next