Social News
Written by: Deng Yinglin
2020-02-26 11:30
Last updated: 2020-02-26 11:35The government announced today (26th) a new budget, announcing that the government intends to spend more than 4.2 billion yuan on social assistance recipients such as CSSA, the old-age allowance and disability allowance, commonly known as "fruit grant", ", Granting an additional one month's allowance. Low-occupancy tenants of public housing can also be rent-free for one month.
The Government announced today a new Budget in which the elderly are one of the beneficiaries. (Profile picture)
The Financial Secretary, Chen Maobo, announced a new budget today (26th). He described Wuhan pneumonia caused by the new coronavirus in 2020 as a severe blow to Hong Kong's economic activity and atmosphere. The tourism and consumer-related industries have entered a severe winter. It is expected that The epidemic may have an even greater impact on Hong Kong's economy than in SARS in 2003. The budget for the next year is expected to have the highest deficit ever, but the government will launch a large-scale counter-cyclical in response to public expectations and assist citizens and businesses in their efforts to overcome difficulties. The measures involved more than 120 billion yuan.
▼ 30 billion measures for epidemic prevention and anti-epidemic funds ▼
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In terms of mitigation measures, Chen Maobo announced that one month's worth of standard social security assistance, old age allowance, elderly living allowance or disability allowance will be issued to people receiving social security allowances. Similar arrangements will be made for employment and transportation allowances. It is expected that the total government expenditure will be about $ 4.225 billion.
For public housing tenants, Chen Maobo pointed out that the government will pay one month's rent for lower-income tenants of the Housing Authority and the Housing Society's public rental units, involving 1,829 million yuan.
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2020 Budget Financial Secretary's Budget Fruit Grant