[Budget 2020] Permanent residents aged 18 or over receive 10,000 yuan expected to benefit 7 million people

Social News

Written by: Yuan Yan

2020-02-26 11:32

The Financial Secretary, Chen Maobo, today (26th) released a new Budget, which is of great concern to all sectors of the community. Earlier, different parties such as the organizational system and the Panmin people almost asked the rich man Chen Maobo to open a position to send money. Chen Maobo said that in order to encourage and stimulate local consumption and ease the economic pressure of the public, he decided to issue 10,000 yuan to Hong Kong permanent residents aged 18 or above, which would benefit about 7 million people, involving about 71 billion yuan in expenditure. Application details To be announced after the passage of the Legislative Council.

▼ 30 billion measures for epidemic prevention and anti-epidemic funds ▼

+9

+8

+7

Chen Maobo said that Hong Kong's economy has been severely hit by social events in the past months and the epidemic of new coronavirus. In the face of economic downturn, government revenue is expected to decrease in the coming year. The government must manage its finances prudently to ensure financial stability. However, he said that he believed that in times of economic downturn and heavy social atmosphere, even in the face of fiscal deficits, the government should do more. After careful consideration, it decided to grant 10,000 yuan to Hong Kong permanent residents aged 18 or above.

Chen Maobo said that the measures can encourage and stimulate local consumption; it can also ease the economic pressure on the public. It is expected to benefit about 7 million people and involve about 71 billion yuan in expenditure. The government will announce the details of the plan as soon as possible after the funding of the Legislative Council.

▼ Hong Kong masks, panic buying, conflict, winter under the epidemic ▼

+10

+9

+8

[Budget] Chen Maobo is sending money in sight! Paid 10,000 depends on an important factor

[Budget 2020] Hu Dingxu and Yang Limen use the fiscal reserves to send money to solve the urgent need

[Budget 2020] Chen Maobo released on Wednesday: Limited resources cannot satisfy everyone

[Budget] Implying that the people send money? Luo Zhiguang urges to wait and see unemployment rate of 5%

[Budget 2020] Public Housing Association advocates reduction of property tax

Budget 2020 Budget Chen Maobo Wuhan Pneumonia