Financial Secretary Paul Chan has said 10,000 complimentary admission tickets to Ocean Park will be given to primary and secondary school students over the coming year.

Chan announced a surplus of HK$138 billion in the 2017-2018 financial year on Wednesday. Fiscal reserves are expected to reach HK$1,092 billion by March 31, while the Housing Reserve will reach HK$78.8 billion.

It was the first budget delivered by Chan under the Carrie Lam administration.

File photo: In-Media.

In the annual budget, he allocated an additional HK$396 million to the tourism industry in the new financial year. Of which, HK$226 million will be provided to the Hong Kong Tourism Board to implement the Development Blueprint for Hong Kong’s Tourism Industry, which was released by the Tourism Commission last year.

See also: Budget 2018: Hong Kong government to hand out HK$2,000 to each student in need

He said he will also allocate a total of HK$310 million over the next few years to support Ocean Park in developing education and tourism projects.

Photo: Catherine Lai/HKFP.

The Hong Kong government owns a 53 per cent stake in Hong Kong Disneyland, Ocean Park’s rival theme park.

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Kris Cheng

Kris Cheng is a Hong Kong journalist with an interest in local politics. His work has been featured in Washington Post, Public Radio International, Hong Kong Economic Times and others. He has a BSSc in Sociology from the Chinese University of Hong Kong. Kris is HKFP's Editorial Director.