budget2024
A marine pyrotechnic display will take place across Victoria Harbour during next Wednesday’s May Day public holiday, kicking off a campaign of monthly fireworks shows to boost tourism, the Hong Kong Tourism Board (HKTB) has announced. In a statement released on Thursday, the HKTB said the fireworks show will begin at 8pm on Labour Day near the Tsim Sha Tsui Promenade. The theme will be the colour gold, showcasing the initials “HK” and a smiley face. The government announced during the 2024 Budget that some HK$1.09 billion had been allocated to boost tourism, with the HKTB hosting monthly firew...
Hong Kong Free Press
The Hong Kong government has announced it will cut funding for major NGOs starting from 2025 amid two straight years of budget deficits over HK$100 billion. Labour and welfare chief Chris Sun told reporters on Thursday the cutback would affect 59 large NGOs which currently received more than HK$50 million per year each, local media reported. Funding for each affected group will be reduced by two per cent for the fiscal year 2025-26 and further decreased by three per cent for 2026-27. Another 118 mid-sized and small NGOs will not be affected. “We’ve considered it thoroughly. While our financial...
Hong Kong Free Press
By Hazel Gandhi An old video showing Finance Minister Nirmala Sitharaman refusing to answer a question criticising the budget is being shared online as a recent video. BOOM found that the claims are misleading, the video is from February 2023 and is unrelated to the recent interim budget presented by Sitharaman. On February 1, 2024, Nirmala Sitharaman presented her sixth consecutive budget in the Parliament. While there were not many changes made to the direct and indirect tax rate, the FM reiterated the focus on youth and women empowerment and overall social justice. The video shows a journal...
BOOM Live
By Archis Chowdhury On February 1, 2024, Finance Minister Nirmala Sitharaman presented the interim budget ahead of the Lok Sabha elections. Serving as a provisional budget, it focuses on continuation of old policies, until the newly formed government announces the final Union Budget for 2024-2025, likely in the month of July. Here are the key takeaways from the interim budget announcement: 1. Capital Expenditure \- For FY24-25, the capex target was raised by 11.1 %, and set to 11.1 lakh crore, which is 3.4% of the GDP. 2. Revised and Budget Estimates \- For FY23-24, Sitharaman stated that the ...
BOOM Live
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