[Budget] The Taxation Society calls on bail-out citizens to hunger for all people to send money, and senior officials cut by half

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Written by: Chen Shuxia

2020-02-24 10:27

The latest "Budget" will be released next Wednesday (26th). The chairman of the Taxation Institute Cui Qingzhaojin (the 24th) estimates that the deficit will reach 53 billion yuan, but the Hong Kong government now owns 10,000. The 100 billion yuan surplus is believed to be able to bear the fiscal deficit in the next two to three years. Without worrying about our short-term financial situation, we should focus on more mid- and long-term economic development. He also called on the Hong Kong Government to introduce relief measures to the industries affected by the epidemic, but he had reservations about allocating money to the entire population and believed that it should be targeted.

Many listeners expected the government to send money to the whole people, "urgent people are anxious," and some people asked senior government officials to take the lead in cutting wages by half.

The Financial Secretary, Chen Maobo, predicted that the projected fiscal deficit for the new financial year (2020/21) may be the highest ever. (Profile picture)

Cui Qingzhao pointed out that Hong Kong's economy was severe in the last quarter, and the hotel, retail and transportation were affected by the epidemic situation. He hoped that the Hong Kong government would introduce relief measures, including providing short-term interest-free loans to related enterprises. Check "to facilitate tax deferral. He also suggested that many conscientious companies purchase medical supplies donations in recent days. He believes that cash deductions or double tax deductions can be arranged.

He also calculated that the deficit in the new fiscal year would reach 53 billion yuan, but he did not think that the number was important because the Hong Kong Government now has a surplus of 110 billion yuan and believes that it can bear a fiscal deficit of two to three years.

He also stated that Hong Kong is an export-oriented economy and the Sino-US trade war is friction. If the industry is not developed well, it will be difficult to cope with the related concerns caused by the instability of the external economy. However, there is no need to worry about the financial situation in the short term. With an aging population, recurrent expenditures in the medium and long term will inevitably rise, and too much reliance on one person to pay taxes. "The next 10 years need to be expedited." It is expected that the Budget will focus on more medium and long-term economic development.

Under the pneumonia epidemic in Wuhan, the business of famous shops along Canton Road in Tsim Sha Tsui was also severely hit. (Profile picture)

As for the distribution of money, he pointed out that from the perspective of financial management, it should be targeted. The distribution of money by the entire population will inevitably increase the fiscal deficit this year or next. Instead of some citizens not needing Hong Kong government cash assistance, it is better to increase the Need people to support the economy. However, if the Hong Kong Government finally decides that all the people are in the camp, "the capital will oppose it."

Miss Wu, an audience member who worked at the airport hotel, pointed out that the business was bleak, and many people had to stop paying for their jobs, and some had to stay for 17 days. She expects the Hong Kong government to send money and reduce taxes.

Mr. Chen pointed out that the Hong Kong government has tens of billions of fiscal surpluses every year, and "it is reasonable to send money once." He also believes that it is necessary for the people to send money, and the middle class should not be ruled out, or only to those in need. "Feedback", he said, 10,000 mosquitoes are the ideal amount, "It ’s better to send less than to send them."

Ms. Chen believes that the Hong Kong Government has a lot of reserves and needs the public's urgency. "How long will it take for the family to send?" She also believes that the public will have money to sack and will be used for society and will benefit Hong Kong's market. She also believes that The Hong Kong government advocates "keeping money", "Senior officials in the solution class cut down on labor, and I ask them to halve it!"

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