ExCo Convenor's statement on 2014-15 Budget

The following is issued on behalf of the Executive Council Secretariat:

     The Convenor of the Non-official Members of the Executive Council (ExCo), Mr Lam Woon-kwong, issued the following statement today (February 26) on the 2014-15 Budget:

     "The Financial Secretary has just delivered the Budget speech for 2014-15. This is a reasonable and balanced Budget. It provides funding not only to support measures announced by the Chief Executive in his Policy Address, but also continues to provide relief measures to ease part of the financial burden on members of the public.

     "The Financial Secretary pointed out in his Budget that while the Government's overall fiscal position in the foreseeable future remains healthy, we have to be cautious that government expenditure in the longer term should be aligned with economic growth. This Budget provides a balanced approach to address the concerns on public finances in the short, medium and long term.

     "All in all, this is a reasonably balanced Budget. I hope the public will support this Budget."

Ends/Wednesday, February 26, 2014
Issued at HKT 17:30