- 5
11.
on
soft
tickets.
the duty
down.
The first aim will be met by abolishing the duty
entertainment tax on
drinks and the
cinema
I shall also exempt franchised bus companies from
on diesel fuel which will help to keep bus fares
12.
This will provide welcome
I propose to achieve my second aim, to ease the
burden on salaries taxpayers, by an across-the-board
increase in personal allowances.
relief to taxpayers. It will also mean that a large number
of people will no
longer have to pay any salaries tak at
They will join the very large number of employees
all.
J
over half who already do not pay salaries tax.
13.
As I told the Council this afternoon, my first
Secretary must be to ensure Hong
priority as
Kong's
Financial
a
continued economic success. At the same time my
duty is to find the resources to respond to the community's
changing expectations. То achieve this, my budgets Vill
have a commitment to economic growth, a commitment to sound
financial management and a firm commitment to improving our
public services. In this way, I believe Hong Kong will
continue to prosper; incomes and profits will rise; and the
quality of life for the whole community will continue to
improve.
(TV)
Good night.
Ot'd
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