Politics
Written by: Zheng Baosheng, Zhou Lixi, Peng Yiwei
2020-02-26 19:33
Last updated: 2020-02-26 20:29The Financial Secretary, Chen Maobo, announced today (26th) the "Budget" and it is most noticeable to send 10,000 yuan to permanent residents over 18 years of age. However, there are still a lot of issues that deserve attention, including the expected deficit in the next six financial years, the bundling of police spending, and the study of new taxes.
Chen Maobo will attend the media forum at 7:30 this evening to answer media enquiries. "Hong Kong 01" will follow up for you.
[20:22] Some reporters are concerned about how Chen Maobo will use 10,000 yuan. He did not answer directly, but only encouraged everyone to support Hong Kong SMEs.
Regarding rumors that employers need to bring their own masks after resuming work, Chen Maobo said that everyone must be careful, prevent epidemics, and emphasize the importance of personal hygiene and cleanliness.
As for the future fund, Chen Maobo said that there are more than 30 billion yuan invested in Hong Kong-related projects, and the government will set up an investment committee, and the specific work is under the responsibility of the Monetary Authority.
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[20:18] Chen Maobo stressed that the government has been monitoring the latest economic environment in Hong Kong before making a final decision on the budget. As for whether the distribution of 10,000 yuan responds to the demands of various political parties, Chen Maobo said that the government sent cash for the purpose of promoting consumption and promoting the economy.
[20:11] Some reporters are concerned that property prices in Hong Kong have fallen since June last year. The government today announced fixed-rate mortgage loans. Do you want everyone to enter the market? Why not let property prices fall naturally? Chen Maobo said that he would not withdraw the hot move at the moment. He believes that the recent property market transactions are quiet and the property price adjustment is small. In the residential property market, the government has no intention to cancel the hot move and show that it is not a bad thing to let the property price fall in an orderly manner.
As for why fixed rate mortgage loans were introduced, Chen Maobo acknowledged that the current interest rate is low. The government hopes to provide the public with an alternative so that they can take less interest rate risk. In addition, the maximum loan limit of this time is 10 million yuan, hoping to provide it to interested buyers. House owner.
Why not cancel the extra stamp duty commonly known as SSD? Chen Maobo emphasized that he did not want to release the wrong message to the market, thinking that the government encouraged short-term speculation in properties.
Freedom to revive the economy? Chen Maobo: Not necessarily suitable
[20:08] Chen Maobo pointed out that the current situation of Hong Kong's economic recovery is different from that in the past. Regarding whether it can be driven again by mainland tourists after SARS, he does not think it is appropriate, but also believes that Hong Kong has advantages that it did not have before. Guangdong-Hong Kong-Macao Greater Bay Area and financial restrictions have been relaxed. He mentioned that the Budget has also stepped up financial services and innovation and technology, and urged everyone to set aside disputes and face challenges first.
Before and after the summer vacation, Qian Qian was sent to the University to grant "ready to the Legislative Council"
[19:59] Asked if sending money represents a change in the new philosophy of financial management, Chen Maobo pointed out that in the past, when the Caring and Sharing Program was launched, it was to help N without people and find a way to share part of the surplus, but the current economy is too bad, the government hopes Revitalize the economy as soon as possible, describing the whole people's 10,000 yuan this time as a special measure, so the goal is to send money around the summer vacation, hoping to stimulate the economy.
I was asked that there were special universities reserved last year, but not this year. Chen Maobo pointed out that in the past, there has been a lot of funding for I & T. Last year, 100 billion yuan was also allocated. However, if the money is reserved, all parties must consider how to use and apply for it. Emphasize the government No problem, just temporarily no need to add more.
As for the government ’s initiative to raise 2 billion yuan in university funding last year, will it make people feel that they intend to punish universities? Chen Maobo emphasized that there is absolutely no such situation. The government promises that the resources of universities can be submitted to the Legislative Council at any time. He stated that this session can If you do not submit it again, I believe that if the salary increase and electricity subsidy of the Civil Service of the Legislative Council are not passed, you can do it if the Legislative Council reviews it quickly.
[19:50] The reporter asked that the government's recurrent expenditure has increased significantly. How can it persuade the financial health of the civil government? Chen Maobo said that under the triple blow of Sino-U.S. Trade frictions, social events and epidemics, the government launched four rounds of relief measures last year. It also announced the establishment of a 30 billion yuan fund earlier, resulting in a deficit.
However, Chen Maobo emphasized that the government's spending on some policies is welcomed by the society, and some are invested in public services and innovation and technology. He pointed out that in the next few years, the fiscal period will be consolidated and the expenditure will be more rigorous.
Lin Zheng announced 10 livelihood measures earlier, involving recurrent expenditure of over 10 billion yuan. Has the role of the director changed the cash dispenser? Chen Maobo emphasized that the Chief Executive has stated that the measures will not affect this year's accounts, and that the government has been more decisive in spending money in the past few years.
The rapid growth of recurrent expenditure in the past few years "is impossible to continue"
[19:45] A reporter pointed out that this is the sixth deficit budget after the reunification. The deficit exceeded 100 billion yuan, accounting for 4.8% of GDP. However, the budget for the next five years has become popular and asked whether Chen Maobo had a structural deficit. Are you too optimistic about your future budget?
Chen Maobo pointed out that in the future, the operating account is expected to have a deficit of more than 50 billion yuan, but if non-operating income and expenses are taken into account, in 2020/21 and the next 4 years, there will be only a deficit of 10 billion to 7 billion yuan each year, which will cost the government 600 billion yuan. According to the accounts, it cannot be said that this is a structural deficit, because there have been deficits for several years in the past, but there is no problem after the economy improves.
He also pointed out that the current adjustment is expected to increase the real economy by 2.8%, which is 0.1 percentage point lower than the growth of the past 10 years. As long as the economy is good and the income is good, there will be opportunities to deal with it. The rapid growth of sexual expenditures is unlikely to continue in the future. In the future, it must meet the long-term affordability, and study the space for adjustment and consider increasing taxes.
As for tax experts reviewing whether it is appropriate to open a new tax system, Chen Maobo said that international changes have an impact on Hong Kong. Hong Kong itself simply takes advantage of low tax rates. In the past, companies have legal tax planning tax reductions in Hong Kong. In the future, the international tax rate will be the lowest. Pay attention to Does it affect Hong Kong.
[19:40] The reporter asked whether Chen Maobo was struggling to send money, and whether there was a big disagreement in the officialdom about sending money. Chen Maobo said that the government has been dynamically assessing developments and working day and night to prepare a budget. He also mentioned that sending money was his consensus with Chief Executive Lin Zheng Yue'e, and his goal was to contribute to the revitalization of Hong Kong's economy.
As for why no new immigrants have 10,000 yuan? Chen Maobo said that the Government hopes to put money into the hands of the public as soon as possible, but the scope of non-permanent residents is relatively wide, such as foreign domestic helpers and non-local students. It is stressed that the current approach is more appropriate. He also said that in the bailout measures last year, a subsidy of 2,500 yuan had been granted to each student, and an additional 1,000 yuan had been added to the fund earlier.
Chen Maobo also said that overseas immigrants would be encouraged to return to Hong Kong, and he has confirmed with the Immigration Department that there is no information to distinguish how many people have emigrated, so he hopes to reduce the checkpoints and send money as soon as possible.
[Budget 2020] Send 10,000 to fill the gap? News: Care Fund is working to help new immigrants
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[Budget 2020] Ten thousand Chen Maobo sent by the people: Target summer to receive money one after another
[19:36] When asked about the police ’s budget expenditure, the new budget has increased by 24%, and the Hospital Authority, which is responsible for epidemic prevention, has only increased by 9%. Will it have a certain perception, Chen Maobo responded, This year's and last year's budgets should not be compared in this way, because the recurrent expenditure of the Hong Kong Government on medical treatment has always been high, and a lot of money has been reserved for plans to expand hospitals in two decades. As for the expenses of the Police Force, he said that they would be answered by the relevant department heads at the Special Finance Committee.
[19:33] Chen Maobo said that making good use of resources to help citizens in the budget is the government's top priority. The focus of this budget is "supporting enterprises, protecting employment, boosting the economy, and alleviating the difficulties of the people." He emphasized that although the government has a high deficit, it must make good use of its reserves to help the people.
Was asked whether it is more important to stop riots or fight against the epidemic? Chen Maobo emphasized that the two should not stand against each other. At present, the most important thing is to do a good job in epidemic prevention.
2020 Budget Chen Maobo sends money
