The Limited Times

Now you can see non-English news...

Xu Zhengyu: Civil servants who want to pay in cash can apply for large-scale relief measures that are difficult to implement

2020-12-02T18:09:56.483Z


Chief Executive Lam Cheng Yuet-ngor mentioned in a media interview last week that he has no bank account after being sanctioned by the United States and now pays in cash, which has become a hot topic online. Secretary for Financial Services and the Treasury Xu Zhengyu attended today (December 2)


Political situation

Written by: Lin Jian

2020-12-02 12:01

Last update date: 2020-12-02 12:01

Chief Executive Lam Cheng Yuet-ngor mentioned in a media interview last week that he has no bank account after being sanctioned by the United States and now pays in cash, which has become a hot topic online.

The Secretary for Financial Services and the Treasury, Xu Zhengyu, said when attending a commercial TV program today (December 2) that civil servants can apply for cash payment at any time if they have relevant needs.

+3

+3

+3

No more large-scale relief measures

Xu Zhengyu was asked how the Finance Bureau, as the department that manages the treasury, works to pay government employees.

He stated that the government, as an employer, will make arrangements based on the overall situation and has established regulations on the payment of employees.

Xu Zhengyu pointed out that, in general, it is of course more convenient to use bank accounts to pay salaries, but if individual colleagues need it, they can apply to the government for other arrangements, including cash salaries, which is technically not too difficult.

As to whether it would be inconvenient for the government to pay the relevant people after many officials have been included in the sanctions list by the United States, Xu Zhengyu said that it is inconvenient to discuss the personal arrangements of others in detail.

As the epidemic continues and the economy is further hit, what method does the government have to assist the public and the industry in the future?

Xu Zhengyu mentioned that the government's deficit in this fiscal year is expected to reach more than 300 billion yuan. The resources invested in the epidemic in the past few months have accounted for about 11% of the overall GDP. It is always difficult to consider economic factors, retain strength, and focus on long-term arrangements. No matter how extensive support measures are available, "issuing rashly" is not necessarily the best for society, and will focus on and targeted help.

He emphasized that the government still has the courage and confidence to help the public and enterprises bail out.

Policy Address | Xu Zhengyu: Integration into the country and maintaining internationalization are mutually reinforcing

Policy Address|Xu Zhengyu: The property market does not withdraw the non-residential DSD is "to facilitate the turnover of owners"

Xu Zhengyu: Shanghai and Shenzhen Stock Exchange included in the list of stock exchanges approved by the MPFA and gazetted today

01News

Secretary for Financial Services and the Treasury Xu Zhengyu Civil Servants Civil Servants Carrie Lam Employment Guarantee Scheme

Source: hk1

All news articles on 2020-12-02

You may like

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z
News/Politics 2024-03-28T05:25:00.011Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.