The government is consulting the public on the 2022-23 Budget, and several political parties and groups have proposed to distribute consumer vouchers again to stimulate the economy, which has been hit hard by the fifth wave of the epidemic.
Huang Junshuo, a newly promoted member of the Legislative Council of the DAB accounting sector, also agrees that in the fifth wave of the epidemic, the distribution of consumer coupons can still stimulate people's consumption desire, which can protect the economy and employment, but believes that the amount can be reduced. As narrow as 3,000 yuan, "we are all used to handing out money." He also assigned the help of consumer coupons to mainly focus on the first week of distributing money, because after that, the stamina has not continued, and the help to the overall economy has not been as good as imagined.
Ernst & Young, an international accounting firm, said yesterday (13th) that it estimated that Hong Kong's fiscal reserves fell to 910 billion yuan, equivalent to 15 months of government spending. However, Hong Kong's financial situation was better than expected. It proposed to introduce 50 billion yuan of relief measures, of which 43 billion yuan RMB 7 billion will support citizens, and RMB 7 billion will provide assistance to enterprises, including the redistribution of RMB 3,000 consumer coupons to citizens over the age of 18 to boost local consumption, which is expected to boost Hong Kong’s GDP by 0.75% to 1%.
In addition, the Pakatan Harapan, the Manufacturers' Association, and the Hong Kong Branch of the Association of Chartered Certified Accountants (ACCA) have successively stated that the Hong Kong government may consider distributing electronic consumer coupons. "Return to Celebration Coupon" to stimulate consumption and speed up economic recovery.
Member of the Legislative Council for Accountancy, Mr Wong Chun-shuk (second from right).
(File photo/Photo by Lu Yiming)
Mr. Wong Chun-shuk, a member of the Legislative Council of the accounting sector, also agrees with the proposal to distribute consumer coupons again, but believes that the amount can be reduced to 3,000 yuan. You can keep some jobs, especially during the epidemic.” He emphasized that not only the economy but also the people’s livelihood can be saved by distributing consumer coupons.
As for some voices who believe that direct distribution of money is more effective than distribution of consumption vouchers, he retorted that, from the perspective of public administration, distribution of consumption vouchers can stimulate public consumption, but he agrees that the stimulation of re-distribution of consumption vouchers will be greater than before. Minus, "In contrast, (the stimulus to the economy) must not be as much as before. From the perspective of the people, we are all used to sending money, and everyone can see that, in fact, during the period of sending money. , it’s expensive, that is, it’s expensive to buy and sell.” The market soared significantly in the first week of distribution, but the stamina soon faded, “The economy will not have a big change because of the distribution of consumer coupons. "However, he emphasized that it is still necessary to distribute consumer coupons to stimulate external consumption desires.
Lin Zhiyuan, former vice president of the Hong Kong Institute of Certified Public Accountants and member of the Legislative Council Election Committee.
(file picture)
Lin Zhiyuan, the former vice president of the Hong Kong Institute of Certified Public Accountants and a member of the Legislative Council of the Election Committee, also said that the distribution of consumer coupons is a good way. He also quoted the data of the government's money distribution last year, saying that the boost to the economy was 1%, and the distribution of consumer coupons can also be used. Drive electronic payment to make citizens more accustomed to using Octopus and other tools, and Octopus has real-name registration when registering consumption coupons. When citizens are trained to use Octopus, they can track their whereabouts and help prevent epidemics.
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Consumption Vouchers｜Over 90% of the balance of the first batch is due today, and the amount has been spent to get your last 12-hour sprint coupons│Attention!
The balance of the first batch of platform users such as AlipayHK, Tap & Go will expire on January 1, and the Christmas hotel buffet will start from 1,000 yuan and increase by 25%.
