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DC reform meetings held

The Government held exchange meetings on the theme of improving the district governance system and reforming the District Councils (DCs) at the Central Government Offices today.   Over 80 Hong Kong Special Administrative Region deputies to the National People's Congress (NPC) and Hong Kong SAR members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) were there to exchange views on improving the district governance system and supporting the District Council election.   Chief Executive John Lee noted that it is the first major citywide election after improving the district governance system and reforming the DCs, and is of particular significance.   He said it also marks the final mile for the full implementation of the principle of “patriots administering Hong Kong” in the district governance structure.   The Chief Executive also noted that the election is of great significance to the good governance and the long-term st

$76b deficit recorded

The Government announced today it recorded a $76 billion deficit for the five months ending August 31.   Expenditure for the period was $252.7 billion and revenue was $176.7 billion.   The Government said there was a deficit mainly because some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.   Fiscal reserves stood at $851.8 billion as at the end of August.  
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