Week of Mar.5

Week of Mar.5

You have probably heard these news terms being discussed in the papers or on TV. Here is how to use them in English:

1. 財政預算案 - Budget

Financial Secretary John Tsang Chun-wah revealed his sixth budget plan for the city last Wednesday.

2. 平均壽命 - Life expectancy

The average life expectancy of Hong Kong people is increasing, making ageing population a concern in the near future.

3. 中產階級 - Middle class

"I think I do understand the middle class, because I am also [part of the] middle class," says Tsang, explaining his budget priorities and the financial challenges looming for the city.

4. 財政儲備 - Fiscal reserves

While fiscal reserves topped HK$700 billion, Tsang warned of a substantial drop as revenues declined and economic growth slowed as more people retired.

5. 關愛基金 - Community Care Fund

A HK$15 billion boost to the Community Care Fund brought little cheer to the working poor who don't receive government assistance.

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