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Budget | Social Welfare's recurrent expenditure exceeds 100 billion yuan, first on the list, Luo Zhiguang predicts the pace of fiscal deficit or adjustment

2021-02-28T03:52:19.327Z


[Budget] The Hong Kong Government recently released the latest "Budget". The Secretary for Labour and Welfare, Law Chi Kwong Jin (28th) wrote a blog, stating that the recurrent social welfare expenditure budget for the coming year will reach 105.69 billion yuan.


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Written by: Chen Shuxia

2021-02-28 11:38

The last update date: 2021-02-28 11:39

[Budget] The Hong Kong Government recently released the latest "Budget". The Secretary for Labour and Welfare, Law Chi Kwong Jin (28th) wrote a blog, stating that the recurrent social welfare expenditure budget for the coming year will reach 105.69 billion yuan. Exceeding education expenditure, it also ranked first in all policy expenditures.

He pointed out that when the government was in financial difficulties, the recurrent expenditure on social welfare still saw double-digit growth (16.2%), which was the largest increase among all policy groups, although the Financial Secretary predicted that the next few years would be In the event of a fiscal deficit, he emphasized that social welfare expenditures still need to catch up under the principle of "should be used," but he also foretold that under the current economic conditions, the pace may be adjusted.

Director of the Bureau of Labor and Welfare, Luo Zhiguang (Photo)

Luo Zhiguang said that the recurrent social welfare expenditure in 2021-22 was 105.69 billion yuan, accounting for 20.4% of the overall government recurrent expenditure.

Compared with the actual recurrent expenditure of 65.35 billion yuan in 2017-18, the budget for recurrent social welfare expenditure for the coming year will increase by 61.7%. Among them, elderly services will increase by 89.3%, the largest increase, followed by rehabilitation and medical social services.

WFA-related recurrent expenditure will increase significantly by about 15% in the coming year

The increase in social welfare recurrent expenditure is also related to a number of policy optimization and resource input. Luo Zhiguang stated on his blog that WFA-related recurrent expenditure will increase significantly (about 15%) in the coming year, due to the increase in July last year The subsidy amount (an increase of 16.7% to 40%) is also expected to increase in the number of households approved for subsidy in the coming year.

But it still does not include the government's proposal to the Legislative Council to reduce the minimum working hours for non-single-parent households in WFA. The additional expenditure for the proposal is expected to exceed 900 million yuan.

Earlier this year, the government announced that the eligible age for the 2 yuan ride concession would be lowered from 65 to 60. Luo Zhiguang said that the 2 yuan ride concession and the recurrent expenditure of rehabilitation buses will be compared with the 2020 budget. The revised budget for the year 21st year increased by 153.2%. The main reason was that "one is changing and the other is growing." He explained that the relationship between the epidemic situation last year has greatly reduced the needs of the beneficiaries of elderly and disabled people for transportation. The revised budget is more than the original The budget is reduced by 36%; the authorities plan to gradually extend the $2 ride concession to people aged 60-64 in the first quarter of 2022, and expand the scope of application to include red minibuses and kaitos that meet the requirements. There will be an increase of 12 rehabilitation buses, which will increase the relevant recurrent expenditure.

▼Key measures of the new "Budget"▼

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Luo Zhengguang said that the current government has spared no effort in investing resources to improve social welfare.

When the government is in financial difficulties, there will still be a double-digit (16.2%) increase in social welfare recurrent expenditure in the coming year.

Although the Financial Secretary predicts that there will be fiscal deficits in the foreseeable next few years, and social welfare expenditures still need to chase behind under the principle of "do what we should do", the pace may be adjusted under the current economic conditions.

▼Chen Maobo announced a new budget in the Legislative Council▼

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Budget 2021 Budget

Source: hk1

All news articles on 2021-02-28

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