Govt Defends Cuts To RTHK's TV Production Budget

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-02-26 HKT 19:13

Share this story

facebook

  • Govt defends cuts to RTHK's TV production budget

The government minister who oversees RTHK on Friday defended a decision to slash the public broadcaster's budget for TV production by almost 10 percent in the next fiscal year.

Secretary for Commerce and Economic Development Edward Yau called it a slight reduction after the switch to digital broadcasting.

According to the budget blueprint on Wednesday, RTHK faces a 4.6 percent reduction in its overall budget in the 2021/2022 financial year, with the biggest cuts to be made in TV production.

Yau explained that TV funding was originally aimed for analogue broadcasts, which stopped when Hong Kong fully switched to digital transmission in December.

"Every department, including RTHK, would usually submit their expenditure proposals based on need.

"In the coming year, RTHK's expenses, with regard to TV and public affairs, will be seeing a slight reduction largely because we have stopped analogue services as a result of the success of going digital. So, expenses originally in that area, of course, would need to be trimmed down to reflect the real situation," he said.

"So I don't see any particular situation regarding that because it's based on the actual projection of work."

Yau also pointed out that the budget cuts were not related to a recent review on RTHK highlighting deficiencies in various areas.

RECENT NEWS

HashKey Capital Partners With Tiantu AM To Explore Virtual Asset Funds

HashKey Capital has signed a memorandum of strategic collaboration with Tiantu Asset Management (Tiantu AM), a wholly o... Read more

You Can Now Make Alipay Payments With AR Glasses

RayNeo and Ant Group have announced a partnership to develop digital payment solutions for global use. The collaboratio... Read more

JICA Goes Live With Finastras Loan IQ In First Japan Deployment

Finastra has announced that the Japan International Cooperation Agency (JICA) has gone live with its Loan IQ platform. ... Read more

Japan Set To Approve First Yen-Backed Stablecoin

Japan’s Financial Services Agency (FSA) is preparing to approve the issuance of the country’s first yen-backed stab... Read more

Indonesia And China Begin Trials For Cross-Border QRIS Payments

Bank Indonesia (BI) and the People’s Bank of China (PBOC) have begun a series of trials for cross-border QR code paym... Read more

ANZ Appoints Ender Tanar As Japan Country Head

ANZ, headquartered in Melbourne, Australia, announced the appointment of Ender Tanar as Country Head for Japan, reporti... Read more