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Posted by Monitor on June 15, 2009, 9:49 pm
HK government officials to take 5% pay cut: report
AFP , HONG KONG
Tuesday, Jun 16, 2009, Page 11
Hong Kong$B!G(Bs chief executive and top government ministers will take a
pay cut of more than 5 percent as part of the territory$B!G(Bs belt-
tightening during the economic downturn, reports said yesterday.
Chief Executive Donald Tsang ($BA=0~^(B) and other senior officials were
expected to take a cut of 5.38 percent, the South China Morning Post
and other media reported, citing an unnamed source.
A spokeswoman for the chief executive$B!G(Bs office would not confirm the
reports but said that Tsang had vowed to $B!H(Bstand shoulder-to-shoulder
with the people$B!I(B during the difficult economic times.
ECHO OF SARS
The pay cut will be the first top-level drop in wages since 2003, when
senior officials took a 10 percent reduction during the SARS outbreak.
The disease killed around 300 people in the territory and turned its
financial hub into a virtual ghost town.
The latest move comes as the government was expected to announce a pay
cut for around 18,000 of the city$B!G(Bs best-paid civil servants, a move
that has sparked protests from labor unions.
Tsang was criticized last year for creating 17 new highly paid
political positions.
The Post said Tsang earns HK$371,855 (US$47,674) a month.
RECESSION
Hong Kong fell into recession in the third quarter of last year and
last month the government slashed its growth forecast for this year,
saying the economy would contract 5.5 percent to 6.5 percent this
year, from a previous forecast of 2 percent to 3 percent
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