Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Jun 10, 2023

Vouchers still top wish for budget

Vouchers still top wish for budget

Four in five Hongkongers want consumption vouchers again in the forthcoming budget on Wednesday, of whom 40 percent believing the handout should remain at HK$10,000, a survey has found.
That finding came in a Hong Kong Research Association phone poll of 1,073 residents from January 26 to February 8 on their budget expectations.

Almost 40 percent of respondents said the total amount should remain unchanged if there are one-off relief measures, while 37 percent said it should be higher and 13 percent supported a "decrease."

But respondents in different income levels have mixed views. About 42 percent of those from lower-income households, which earn less than HK$29,999 per month, are expecting an increased total expenditure, while 72 percent of higher-income households agreed it should remain unchanged or lower than last year.

If the budget were to launch e-vouchers, the largest number of respondents said the amount should "remain the same" compared to the previous year's HK$10,000, accounting for 40 percent, while 20 percent said it should be reduced.

Some 85 percent also want a subsidy for their electricity bills.

In addition, 67 percent said the short-term relief measures should be prioritized "to meet the urgent need of living."

The association said expectations for one-off relief measures are still strong among lower-income families, reflecting financial vitality of those at the grassroots has yet to recover.

The association urged targeted measures to help people tide over the difficulties and further promote the recovery of Hong Kong's economy and livelihoods.

Another survey conducted by Hong Kong Thinkers Co in January of 542 grassroot citizens found transportation fares topped the 20 worries that people had about price increases, followed by fresh pork, cigarettes, canned food and fresh fish.

The company's president, Wilson Or Chong-shing, suggested not less than HK$5,000 in e-consumption vouchers be handed out not only to relieve financial hardship and maintain the quality of life, but also to support the retail market.

Meanwhile, Certified Practising Accountant Australia, one of the largest professional accounting bodies globally, suggested the launch of a modified e-consumption voucher scheme to hand out HK$2,000 to all eligible Hong Kong residents and HK$8,000 to the disadvantaged.

It also wants the tobacco duty doubled and suggested the government impose a tax on non-recyclable plastic products.

Responding to Adrian Ho King-hong in a Legislative Council meeting yesterday, financial services and the treasury secretary Christopher Hui Ching-yu said officials will look at a basket of factors including the public reserves, the local economic situation and social impact when considering whether to raise gaming tax.

Hui said there is "no plan at the moment to increase the number of licenses for football betting," since those licenses are only issued by the government under the Betting Duty Ordinance to the Jockey Club, to prevent competition among operators that could end up stimulating gambling demand.

New People's Party chairwoman Regina Ip Lau Suk-yee has suggested the football tax should be raised, but the club has been quick in challenging the need and to say she is not familiar with operations.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.

Related Articles

Hong Kong News
The Fed fixing the economy
Corporations standing up for “LGDP-LGT-LBG-LGBTQ2+ kids” during ‘Pride Month’ be like:
A Major Ukrainian Hydroelectric Dam BLOWN UP
US and European Intelligence Agencies Uncover Evidence of Ukrainian Role in Terror Attack on Nord Stream Pipeline
Photos and videos of Hunter Biden with underage minors have been released.
The driver has been described by authorities as a 21-year-old woman from Tallahassee
Joe Biden falls at the Air Force Graduation
America's Got Talent…
Elon Musk has been showered with praise by the Chinese public during his trip to China
Nvidia Joins Tech Giants as First Chipmaker to Reach $1 Trillion Valuation
Drone Attack on Moscow's Wealthiest Neighborhoods Suspected to be Launched by Ukraine
AI ‘extinction’ should be same priority as nuclear war – experts
Chinese fighter jet buzzes U.S. Air Force spy plane over South China Sea
Prominent Hacker Forum RaidForums Suffers Substantial Data Breach
Nvidia CEO Huang says firms, individuals without AI expertise will be left behind
WPP Revolutionizes Advertising with NVIDIA's AI Powerhouse
Two US Employees Fired For Chasing Robbers Out Of Store As They Broke ''Company Policy''
Pfizer, the EU, and disappearing ink - Smoke, Mirrors, and the Billion-Dose Pfizer Vaccine Deal: EU's 'Open Secret
The Sussexes' Royal Rebound: Could Harry and Meghan Markle Return to the UK?
A provocative study suggests: Left-Wing Extremism and its Unsettling Connection to Psychopathy and Narcissism
Neuralink Receives FDA Approval for First-in-Human Clinical Study
Ukrainian Intelligence Official Admits to Assassination Attempts on Putin
WATCH THIS: democracy in Russia is so bad!
Ed Davey: It is possible for a woman to have a penis
Bernard Arnault Loses $11.2 Billion in One Day as Investors Fear Slowdown in US Growth Will Reduce Demand for Luxury Products
Russian’s Wagner Group leader: “I am not a chef, I am a butcher. Russia is in danger of a revolution like in 1917.”
TikTok Sues Montana Over Law Banning the App
Ron DeSantis Jumps Into 2024 Presidential Race, Setting Up Showdown With Trump
Steve Jobs introducing Apple's iPhone, exactly 16 years ago.
Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement
China overtakes Japan as world's top car exporter
Talks between US House Republicans and President Biden's Democratic administration on raising the federal government's $31.4tn debt ceiling have paused
Biden Administration Eyeing High-Profile Visits to China: The Biden Administration is heating things up by looking into setting up a series of top-level visits to Beijing by top officials in the coming months
New evidence in special counsel probe may undercut Trump’s claim documents he took were automatically declassified
A French court of appeals confirmed former President Nicolas Sarkozy's three-year jail term for corruption and influence peddling
Debt Ceiling Crises Have Unleashed Political Chaos
Weibao Wang, a former software engineer at Apple, was charged with stealing trade secrets related to autonomous systems, including self-driving cars
Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough
Elon Musk compares George Soros to Magneto, the supervillain from the Marvel Comics series.
Warren Buffett Sells TSMC Shares Over Concerns About Taiwan's Stability
New Study Finds That Secondary Bacterial Pneumonia Is a Major Cause of Death in COVID-19 Patients Who Require Ventilator Assistance
The official tapes of Trump's deposition in the E. Jean Carroll battery (rape) and defamation case have been released.
King Charles III being crowned.
Newly released video of Donald Trump’s rape trial deposition:
Video: Ukraine MP Punches Russian Representative At Global Meet
El Paso mayor has declared a state of emergency
Russia accused Ukraine of attacking the Kremlin with drones in an attempt to kill Putin
Dutch court orders man who fathered 550 kids to stop donating sperm
Kim Kardashian Lookalike Christina Ashten Dies Of Cardiac Arrest, Hours After Plastic Surgery
Samsung has banned employees from using generative AI services such as ChatGPT