Political situation
Written by: Zhai Ruimin
2021-03-06 10:27
The last update date: 2021-03-06 10:27
[Budget 2021] The new "Budget" proposes the establishment of a "100% guaranteed personal preferential loan program", which is guaranteed by the government. Unemployed persons must present proof that they have been unemployed for more than 2 months when applying, and the loan limit is 80,000 yuan.
Ouyang Dachu, assistant professor of the Department of Sociology and Social Policy of Lingnan University, said on a radio program that he was astonished and disappointed with the policy. He believed that the government had reduced the problem of insufficient social security to a personal debt problem, and shifted the responsibility to more than 20 people. Ten thousand unemployed workers.
He also pointed out that the background of this measure is that the government refuses to accept the opinions of the private and academic circles and establishes a new or temporary unemployment assistance system.
The new "Budget" proposes the establishment of a "100% Guaranteed Personal Preferential Loan Scheme", with the government providing guarantee. Unemployed persons must present proof that they have been unemployed for more than 2 months when applying, and the loan limit is 80,000 yuan.
Ouyang Dachu stated in the Hong Kong and Taiwan program "Hong Kong Family Letters" that borrowing may be the norm for enterprises, but for the unemployed, it has to face many risks.
He quoted Xu Zhengyu, Secretary of the Treasury Bureau, as saying that the expected bad debt rate is 25%, which means that about one quarter of the cases may not be able to repay.
Ouyang Dachu criticized that the government did not provide the best and most secure policy for the unemployed. Instead, it provided the worst option, using personal debt and overdraft in the future to deal with the problem of food for the unemployed.
▼Budget 2021 Benefits Measures Lazy Package▼
+4
+4
+4
Regarding the government’s introduction of the establishment of unemployment assistance for different reasons such as overlapping with the existing measures, Ouyang Da initially pointed out that most of the unemployed did not apply for or were not eligible to apply for working family allowance or unemployment CSSA; among them, unemployment CSSA can only be used. Covers about 7.7% of the unemployed.
He also believes that the nature of the two systems is not to maintain the purchasing power of the unemployed in the short term. It can only provide a safety net for the unemployed and underemployed families trapped in poverty. He felt that the government said that it had provided sufficient measures. laugh".
Ouyang Dachu stated that the deficit in the previous fiscal year accounted for about 9% of GDP, and it will be about 3.6% in the next year. He believes that it is an accidental fiscal deficit and does not mean that there is a structural fiscal deficit as a whole.
He also said that the fiscal reserves were originally used to deal with crises, so the use of public resources during economic recession to protect the livelihood of the people is definitely used.
▼The economy is hit hard by the epidemic, and job fairs of the Labour Department are flooded▼
+4
+4
+4
Budget 2021 | 15 billion push 100% secured personal loan article to see the eligibility for application
Budget 2021 | 15 billion to push 100% guaranteed personal loans to help the unemployed with a loan limit of 80,000
Budget ︱ Unemployment loans do not need to meet the minimum credit rating Xu Zhengyu: You can apply without bankruptcy
01News
2021 budget, unemployment rate, low-income working family allowance, CSSA