Chief Secretary Chan Kwok-ki today said the 2024-25 Budget, through comprehensive and pragmatic measures, strives to promote reform and innovation with an appropriate focus on controlling government expenditure and increasing government revenue.

Speaking at a media session after the Financial Secretary delivered the Budget, Mr Chan said the Government had worked closely with the community to strive for economic growth and development over the past year, actively seizing national and international opportunities to drive the economy forward.

He added that Hong Kong, as a small and externally oriented economy, has inevitably encountered various challenges in the face of a complicated, volatile external environment, but emphasised that the Government’s latest Budget had pragmatism at its heart.

“This year’s Budget is comprehensive, well balanced and pragmatic, while promoting development, reform and innovation. It also focuses on controlling government expenditure and increasing government revenue where appropriate.”

The Chief Secretary called on Legislative Councillors to support the corresponding bill.

“I fully support this year’s Budget and hope the Legislative Council will promptly scrutinise and approve the appropriation bill.”