Thursday, July 31, 2014   

Subsidy will reduce the poverty rate, says Carrie Lam
(01-16 18:04)

The government has said that a proposed new subsidy for poor working families will bring 38,000 households to, or above the poverty line, and reduce Hong Kong's overall poverty rate by 2.1 percent to 13.1 percent.
However, Chief Secretary Carrie Lam Cheng Yuet-ngor said on Thursday that the estimates were not rigid targets.
She also insisted that the low-income working family allowance -- which will cost the government HK$3 billion a year -- was affordable. --RTHK   
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