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In proposing the assorted fiscal measures, the Government has taken into consideration their impression on the general economic system. To reduce working expenditure by $20 billion to $200 billion in 4 years entails a reduction of โฆษณา【UFA09.NET】ฝาก500รับ600【LINEID:@UFA09】 about 9%. In follow, the reduction to be borne by departments could be higher than 9% as a outcome of some items, including civil service pensions and social security funds, will proceed to extend. In order to attain the overall expenditure discount goal, all departments should take in such increases by making larger reductions. In recent years, tourism has been one of many fastest-growing sectors of the financial system. Last 12 months, the number of guests increased by 21%.

We forecast that our GDP will rise 3% in actual terms in 2003, and that, within the face of persistent deflation, the Composite Consumer Price Index will drop by 1.5% and the overall price level of the financial system by 2%. For the whole 12 months, the economic progress rate is forecast to be 1% in nominal phrases. The remarkable worldwide achievements of the local movie trade show that the inventive industries of Hong Kong have nice development potential. We will foster this improvement by strengthening co-operation between the Government and these industries. We have set up a $50 million Film Guarantee Fund to handle the issue of securing movie manufacturing finance. The Hong Kong Asia Film Financing Forum, with the help of the Film Development Fund, will be held in April to assist the business to draw overseas investment.

In late June, police in Singapore arrested 15 folks in a crackdown that underscored the expansion of unlawful betting in the city-state. In May, police arrested another 18 individuals who had obtained S$8 million ($6.4 million) in bets. The authorities has granted the licence for conducting football betting to a wholly-owned subsidiary of the Hong Kong Jockey Club . Home Affairs Bureau has required the licensee to take efficient measures to stop the underaged from entering betting premises or opening betting accounts. Madam President, the preparation of this 12 months's Budget has certainly been a difficult ubet89 ทาง เข้า【UFA09.NET】ฝาก500รับ600【LINEID:@UFA09】 task. I go to districts incessantly and discuss with individuals from all walks of life.

Reduce public expenditure 4 to 20% of GDP or under. The Government will continue to advertise tourism. In addition, we are going to work along with the business sector to create new lighting effects on either side of Victoria Harbour.

Background transient ready by the Legislative Council Secretariat on points referring to the development of football in Hong Kong. We have commissioned educational institutes to conduct analysis and studies on Hong Kong People's participation in gambling actions. Police believed that the syndicate took bets price over HK$10 million every month, with a single bet positioned involving as a lot as HK$100,000.

Along with the public money income, the sport receives a HK$25 million annual injection from the Hong Kong Jockey Club for the provision of grass-roots growth of the game. News aggregator - all main news from the world of finance, investment, business, politics, sports, technology from the top sources all over the world. Stay up to date with main world events, create your individual information feeds , save time studying news.

9.1.15HA denoting Home Affairs PanelThe Panel discussed the Administration's paper on the progress with the development of soccer in Hong Kong. Officers within the operation confiscated money price over HK$10 million, and betting information involving over HK$120 million. They additionally seized a huge variety of telephones, computers, currency-counting machines, and piles of financial institution documents. “Though all on-line or cell service providers corresponding to Taobao and Tencent haven't any license, they have been allowed to work with China Lottery as distributors since 2010,” he provides.

To renew our strengths and set a new course, this could nicely be the most effective of times. After thorough consideration of the impact on taxpayers and the financial system, I put forth the following measures to help stabilise revenue, broaden the tax base, resolve the budget deficit, and guarantee financial stability. I will also suggest some tax relief measures to tie in with the inhabitants coverage and promote further improvement of education and financial companies. I believe that the proposed measures strike a fair and affordable stability that's in keeping with the general interest of the community.

This will help to develop our financial system and alleviate the issue of an ageing inhabitants. Local college students can even benefit from an enlargement of their horizons via interacting and learning together with college students from other locations. In this connection, the Government is contemplating how the relevant policies, together with immigration and education, could help such an initiative. In February last year, the Task Force on Review of Public Finances submitted its report on the structural problems of our public finances.