Chief Executive CY Leung has praised the 2014-15 Budget as a well-thought-out and responsible one, which responds to community aspirations while making long-term plans for public finances.
Mr Leung said today’s Budget provides financial resources to support the Policy Address in implementing initiatives to alleviate poverty, care for the elderly, support the disadvantaged, nurture youths, and enhance healthcare quality.
He agreed with Mr Tsang that Hong Kong must improve efficiency in the flow of people, goods, capital and information, and enhance the quality of the living environment and Hong Kong's position as a global hub.
"We will increase investment in infrastructure, sharpen Hong Kong's competitive edge and create a better living environment for our people," Mr Leung said.
The Budget has analysed Hong Kong’s economic strengths and constraints, in addition to the Government’s efforts in promoting industry, and solving labour and land shortages.
Mr Leung said the Budget strictly follows the principle of keeping expenditure within the limits of revenue while making long-term investments for sustained economic development.
"I hope the public and the Legislative Council will support this Budget."
