Tuesday, January 10, 2006

Hong Kong Fact of the Day

What follows is from a story in Hong Kong Economic Journal, a local financial paper (sorry no link):

In fiscal year 1995-1996, government expenditure on social welfare was HK $ 12.6 billion.

Ten years later in fiscal year 2005-2006, the same expenditure is expected to be at HK $ 34.3 billion.

Do I need to say more?

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