The Secretary for Finance discusses the Capital Works Reserve Fund at the Legislative Council Finance Committee

Secretary Hui Ching-yu made an opening speech at today's Legislative Council Finance Committee meeting on the overall allocation of the Capital Works Reserve Fund for 2024-2025. He emphasized the government's importance to capital projects and proposed corresponding funding plans.

Grant Program

Director Xu Zhengyu said that the government will fully fund capital projects from 2024 to 2025 to ensure the smooth progress of various projects. He pointed out that these capital projects will have a positive impact on Hong Kong's economic development and people's lives.

financial support

At the meeting, Director Xu Zhengyu also mentioned the government’s financial support for capital projects. He said that the government will provide sufficient financial support to ensure that various projects can be completed on time and achieve the desired results.

Transparency and efficiency

Director Xu Zhengyu emphasized the government’s transparency and efficiency in the allocation process. He said that the government will strictly monitor the use of allocated funds to ensure that funds are used rationally and effectively and to achieve maximum benefits.

• Ensure the smooth progress of basic projects
• provide adequate financial support
• Maintain transparency and efficiency

Conclusion

After Director Hui Ching-yu's opening remarks, the Finance Committee of the Legislative Council will further discuss and review the overall allocation of the Capital Works Reserve Fund for 2024-2025. I believe that with the joint efforts of the government and the Legislative Council, the capital project will achieve good results and lay a solid foundation for Hong Kong's future development.