Financial Secretary's blog discusses disbursement arrangements and economic situation after Budget passage
穩步前行
The Financial Secretary said in his blog that the Appropriation Bill 2019 has been passed by the Legislative Council after third reading, with various allowances estimated to be disbursed before the end of next month, benefiting about 1.5 million elderly or grassroots residents. Hong Kong's revised first-quarter economic growth was 0.6%, and the authorities will closely monitor the impact of China-US trade friction while stepping up explanation on the amendments to the fugitive offenders transfer ordinance.
The blog lists the disbursement dates for various allowances under the Budget, along with the number of beneficiaries, while pointing out the slowdown in first-quarter economic growth and the variables arising from China-US trade friction.
Source: 財政司司長網誌 · fso.gov.hk