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Continued one-off bailout? Chen Maobo: There are voices worrying that the unemployment aid will be vetoed by the Labor and Welfare Bureau

2022-01-14T12:58:51.901Z


The new "Budget" will be released next month. Several Legislative Councillors asked the Financial Secretary Chen Maobo to set up short-term unemployment assistance in the Finance Committee this afternoon (14th). Chen Xuefeng of the DAB suggested that the amount should be set at each


The new "Budget" will be released next month. Several Legislative Councillors asked the Financial Secretary Chen Maobo to set up short-term unemployment assistance in the Finance Committee this afternoon (14th).

Chen Xuefeng of the DAB suggested that the amount should be set at 6,000 yuan per month, and the unemployed can receive it for up to half a year.

Chen Maobo pointed out that the relevant policies must be formulated by the Labour and Welfare Bureau. Many political parties proposed it last year, but after research by the bureau, the result was "unable to agree".


Chen Maobo pointed out that in terms of financial allocation, there must be a policy before resources can be allocated, and the policy must be formulated by the Bureau of Labor and Welfare, and then resource support will be provided.

He said that further discussions will be made with the bureau this year, and that short-term unemployment assistance is time-limited, and he believes "it's not a big deal."


+1

Tax refund, rates refund?

Critics say that constancy is habitual

Leung Tsz-ying, the Federation of Trade Unions who also proposed the establishment of unemployment assistance, explained that many workers were forced to take unpaid leave due to tightened epidemic prevention measures, and self-employed and casual workers also failed to benefit from the past four rounds of anti-epidemic funds.

Election Committee member Jiang Yuhuan asked about the one-off relief measures, including whether rent relief or subsidies will be provided to public housing and subdivided housing tenants; as for the middle class, it is also affected by global inflation. "Whether tax relief will be provided.

Chen Maobo responded that the society has divergent views on the extension of the one-off measures.

The government once waived one month's rent for public housing tenants, but it has attracted criticism that public housing itself is already a public resource subsidy, and if one month's rent is waived, it will be a double benefit.

He also pointed out that in the past, tax rebates and rates rebates were often criticized. He pointed out that the government's annual tax rebates have become a regular measure, so that citizens are used to not having to pay taxes. There are also voices that resources should be put on those in need.

Spending 437 billion yuan to bail out Chen Maobo for refusing to issue bonds: he can handle it with his belongings

Chen Maobo said that the government should not only look at the data in formulating policies, but also consider the actual social conditions at that time and the difficulties of the citizens, and seek a balance.

He also mentioned that the world's political and economic landscape is changing, coupled with the uncertainty of the epidemic, the government must abide by the principle of "prudent financial management, and use it as it should", and must retain financial resources to cope with unknown challenges during bailouts.

Chen Zhenying from the financial sector said that he believes that one-off relief measures such as tax relief will continue. The past four rounds of anti-epidemic funds and relief measures have involved a total expenditure of 437 billion yuan. Debt support to fight the epidemic, I believe many large companies are willing to subscribe.

In response, Chen Maobo pointed out that the government does not want to borrow money to pay for expenses, and even if it issues green bonds, it is strictly limited to investment projects. "

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Source: hk1

All news articles on 2022-01-14

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