The Limited Times

Now you can see non-English news...

Budget 2021|Tourism industry has been repeatedly aided, the treasurer refuses to distribute sugar and only extends cash encouragement

2021-02-20T23:13:15.401Z


This year's "Budget" will be announced this Wednesday (24th). The new crown pneumonia epidemic continues, and the market conditions have not yet responded. All industries are waiting to see how large-scale measures the budget can be introduced to relieve difficulties. Among all industries


Social News

Written by: Liang Huanmin

2021-02-21 07:00

Last update date: 2021-02-21 07:00

This year's "Budget" will be announced this Wednesday (24th). The new crown pneumonia epidemic continues, and the market conditions have not yet responded. All industries are waiting to see how large-scale measures the budget can be introduced to relieve difficulties.

Among all industries, it is the tourism industry that has been hit hardest and will recover indefinitely. However, it is known that the authorities have considered multiple rounds of funding from the epidemic prevention and anti-epidemic fund. The tourism industry has benefited many times. Therefore, "overweighting" funding is almost "hopeless" and will only extend The "Green Living Local Tour" program and the cash incentive program for travel agencies have been postponed. The industry expects a new round of lump-sum subsidies and other appeals. The chances of success are not high.

Under the influence of the global epidemic, the tourism industry has the longest impact. Christmas has always been the peak tourist season, but this year's Christmas, the airport has become increasingly deserted.

(Profile Picture / Photo by Liang Pengwei)

Financial Secretary Chen Maobo will release this year’s Budget this Wednesday. The epidemic has lasted for more than a year, and all walks of life have suffered severe setbacks. Chen Maobo has managed the expectations of all parties and publicly "blows the wind", saying This year's budget will only "watch food and drink, and wash as you should."

Measures such as large-scale distribution of money like last year have almost declared hopeless.

However, because the epidemic affects the world, governments in many places have implemented different travel restrictions. The industry believes that the industry that is "the first to be affected and the last to recover" will receive "pity"?

The industry has learned that Treasury has foreseen "Blow Wind" and will not distribute sugar on a large scale.

Yao Sirong, a member of the Legislative Council of the tourism industry, revealed that the proposed budget for the tourism industry will extend the expiration of the "Green Living Local Tourism" program and extend the extension of the travel agency cash incentive program, that is, per person. The first method of subsidizing travel agencies is calculated based on overnight visitors. Each overnight passenger in an inbound group can receive a subsidy of 120 Hong Kong dollars, and an outbound group of passengers can also receive 100 yuan, but each travel agency has a plan of 60,000 yuan. Most of the assistance programs, including the use of the travel industry compensation fund and the renewal of the cash subsidy provided to the industry in the anti-epidemic fund, have mostly been rejected.

Financial Secretary Chen Maobo will release a new budget on Wednesday (February 24). The outside world is concerned about whether the government will have more "sugar distribution" measures to benefit the public amid the continued weak economy.

(Profile picture)

It has been pointed out that the Hong Kong government believes that it understands that the tourism industry has been affected the longest and most severely during the epidemic, so multiple rounds of epidemic prevention subsidies have been benefited. Therefore, it does not consider "overweighting" the budget again. Instead, it expects a large-scale vaccine for Hong Kong citizens. After the injection, coupled with the gradual stabilization of the epidemic situation, the market conditions can be further recovered instead of "sugar delivery" for many times.

As the epidemic affects the world, governments in many places have implemented different travel restrictions. The tourism industry is believed to be the "first affected and last recovered" industry.

(Profile picture)

In addition, the "consumer voucher" scheme and other further sugar distribution measures mentioned by some Members earlier. It is known that this year's Budget has become conservative and there is no hope for giving money to distribute sugar. The most likely thing is to introduce further tax reduction measures. .

▼2.19 The first batch of 1 million doses of Kexing vaccine arrived in Hong Kong▼

+17

+17

+17

▼The Kexing vaccine is shipped from the Mainland for Hong Kong▼

01News

Budget expected to expand iBond issuance scale to lower the age threshold for bank debt

The New Crown Pneumonia Budget Chen Maobo Tourism Tourism Industry Council

Source: hk1

All news articles on 2021-02-20

You may like

News/Politics 2024-03-16T10:25:40.530Z
News/Politics 2024-04-16T04:11:58.819Z

Trends 24h

News/Politics 2024-04-17T18:08:17.125Z

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.