Legislative Council: Full text of the speech by the Secretary for Finance on motion to pass the provisional appropriation resolution

Legislative Council: Full text of the speech by the Secretary for Financial Services and the Treasury moving the adoption of the provisional appropriation resolution (Chinese only)

Full text of speech on provisional appropriation resolution

At the Legislative Council, the Secretary for Financial Services and the Treasury proposed a provisional appropriation resolution, which was finally passed after discussion. This resolution involves government financial expenditures that are critical to maintaining normal operations.

Non-recurring expenses and non-operating expenses

In this resolution, the sub-headings of non-recurrent expenses and non-operating expenses were specifically mentioned. These amounts are irregular expenditures but also need to be included in temporary appropriations. According to the draft budget, the temporary appropriation amount will account for 100% of the reserve amount shown in the draft budget.

government spending items

The government has to pay a large number of expenditure items every day, which cover all aspects, including infrastructure, social welfare, education and medical care, etc. The passage of temporary funding will ensure that the government has sufficient funds to meet various expenditures.

financial stability

The adoption of this temporary appropriation resolution also reflects the government's emphasis on financial stability. Ensuring stable financial development will help maintain social stability and healthy economic development.

future outlook

Looking to the future, the government will continue to manage finances prudently to ensure the effective use of funds and provide strong support for Hong Kong's economic development and social progress.