Savings brought about by Hong Kong’s revamp of its HK$2 (26 US cents) transport fare scheme are “insignificant” and the programme itself is more generous than similar ones in other major cities, according to the legislature’s research arm.
In a briefing published on Thursday, the Legislative Council Secretariat also said that the recent decision to freeze the pay of civil servants was expected to save about HK$8.7 billion in the coming financial year.
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