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In making ready this Budget and deliberating varied proposals, I reflected on the individuals I had met and the remarks that they had made to me. The considered the impact of the Government's proposals on them brought on me some agony and nervousness. However, it's the people's keen expectation and encouragement that has spurred me on.

As Hong Kong's economic system is externally-oriented, any attempt to stimulate it through expenditure will increase and tax discount may have limited influence. These measures will reinforce the vigour of varied sectors. To comprise development in public expenditure, we must scale back working expenditure.

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Given the small measurement of the native Premier League, the impression of native betting could be restricted. The Jockey Club opens more than 10,000 abroad matches a 12 months to betting. With solely 10 groups within the Hong Kong prime flight, the variety of native matches in a season is around one hundred thirty. Football is as quickly as again at a crossroads as the Hong Kong Football Association's Five-Year Strategic Plan, which receives an annual authorities subvention of HK$25 million, is as a outcome of of be presented in lower than four months.

Working via the Interpol Asia-Pacific Expert Group on Organised Crime, Hong Kong is part of a joint enforcement group that additionally focuses on the mainland and Macao to crack down on cross-boundary bookmaking. It has been a match with a lot of twists and turns, upsets , sudden performances and heartache for Asian supporters . But Ngai stated, “As far as I know, our college has by no means taken any measures to promote the message of ‘no gamble’ .” Kenneth additionally stated that their faculty didn’t worry about under-age gambling very much. Legitimate on-line bookmakers have nicely skilled and skilled customer support representatives who handle issues on behalf of the company. If you have any questions or issues, you ought to not shy away from contacting your bookmaker. Online sportsbooks have different specialties.

Therefore it will the same having activities betting. Parlays – A good quality parlay requires numerous gaming bets, and in case was principally all the protected guess, any bettor would possibly profit a key a good deal more sturdy payout. 8.5.09HA denoting Home Affairs PanelThe Panel discussed with the Administration on the promotion and improvement of native soccer. The 4 centres provide specialised counselling and treatment services for gamblers with gambling dysfunction and their relations. The Civil Affairs Ministry regulates the Welfare Lottery, which is used to generate funds for social welfare programs. The State General Administration of Sports regulates the Sport Lottery, which includes a Games Lottery to bet on particular person video games and is the best contributor in phrases of income.

In view of the present financial situation and the operating difficulties of the transport trade, I even have decided to extend the obligation concession for extremely low sulphur diesel for an additional yr to the end of March 2004, sustaining the responsibility price at $1.11 per litre. To encourage non-public donations to academic and other charitable organisations, I suggest to lift the present ceiling for tax-exempted donations to accredited charitable organisations from 10% of assessable earnings or profits to 25%. This proposal will value the Government about $100 million in a full year. Help finance the advance of boundary amenities. Boundary amenities enchancment works now being carried out or deliberate by the SAR will value over $14 billion.

Human resources are the cornerstone of a knowledge-based economy. A developed knowledge-based economy requires world-class universities to nurture expertise. Many world-renowned tertiary institutions make use of private donations to boost college schooling. Details are being formulated and might be announced by the Education and Manpower Bureau in the end. I may even later propose to lift the ceiling for tax-exempted personal donations.

However, in assist of the inhabitants policy, I propose to increase the allowance for the third to ninth child from $15,000 to $30,000, equal to that for the primary and second baby. Last yr, I put forward some guiding principles to be adopted by the Government in the management of its funds. One of those was the planning of expenditure in nominal or cash terms, so as to keep away from the tendency for the rise within the value level of government expenditure to exceed the rise within the general value degree of the economy. We have already introduced this new association into impact. We are taking forward

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the development of a logistics park on North Lantau and the Digital Trade and Transportation Network system. DTTN will present an open digital platform by way of which relevant sectors, monetary institutions and government departments can change data at greater speed and decrease price.

For instance, there are books focusing on European soccer leagues and others specializing in the African league. The stage of appointment will be commensurate with qualifications and expertise. 13.7.20HA denoting Home Affairs PanelThe Panel discussed the Hong Kong Football Association Strategic Plan. 20.7.18HA denoting Home Affairs PanelThe Panel discussed the mid-term evaluation of the Hong Kong Football Association Five-Year Strategic Plan.