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Member of the Legislative Council, Lu Weiguo, proposes that citizens be taxed for six months or paid in installments

2019-12-03T03:08:10.461Z

The Financial Secretary, Chen Maobo, said yesterday that the local economic environment has deteriorated, tax revenue and land sales have decreased, and rescue measures have been introduced in the middle of the year. The government will record a fiscal deficit in this financial year, the first time in 15 years. Member of the Engineering Legislative Council, Mr Lu Weiguo, said this morning (3rd) that he was interviewed by the Hong Kong and Taiwan program "Millennium". According to various economic indicators of Hong Kong, they were "falling in decline". worry. He believes that if the socio-economic downturn, the government should increase spending to boost the economy. He proposed a number of relief measures for people ’s livelihood, including a proposal to reduce rates by one percentage point, subsidize SMEs ’electricity bills, allow citizens to delay tax payment for 6 months or pay in installments, etc. "He believes that if citizens can pay taxes in installments, I hope the government will not calculate interest.



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Written by: Hu Jiaxin

2019-12-03 10:58

Last updated: 2019-12-03 10:58

The Financial Secretary, Chen Maobo, said yesterday that the local economic environment has deteriorated, tax revenue and land sales have decreased, and rescue measures have been introduced in the middle of the year. The government will record a fiscal deficit in this financial year, the first time in 15 years. Member of the Engineering Legislative Council, Mr Lu Weiguo, said this morning (3rd) that he was interviewed by the Hong Kong and Taiwan program "Millennium". According to various economic indicators of Hong Kong, they were "falling in decline". worry.

He believes that if the socio-economic downturn, the government should increase spending to boost the economy. He proposed a number of relief measures for people ’s livelihood, including a proposal to reduce rates by one percentage point, subsidize SMEs ’electricity bills, allow citizens to delay tax payment for 6 months or pay in installments, etc. "He believes that if citizens can pay taxes in installments, I hope the government will not calculate interest.

Lu Weiguo also revealed that the Pakatan Rakyat will meet with Financial Secretary Chen Maobo this week to submit a new budget proposal. (Profile picture)

Lu Weiguo also revealed that the National People's Federation will meet with the Financial Secretary Chen Maobo this week to submit a new budget proposal. The text of the proposal is currently being compiled in the hope that it can support the development of the engineering industry and help people's livelihood. He believes that bailout measures can only "treat the symptoms." How the government "cures the root cause" and restores social peace is what most citizens want.

Lin Zhengyue: The economy has entered a severe situation and the fourth round of relief measures will be pushed in the short term.

[Hong Kong 01 Economic Forum] Chen Maobo: The Greater Bay Area Creates Talents for Opportunities in Hong Kong

Hong Kong government records deficit for first financial year in 15 years Chen Maobo: Hong Kong economy enters recession

Legislative Council Budget 2019 Financial Secretary

Source: hk1

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