Budget | New Democracy Party meets wealthy Ye Liu to point out that it is not appropriate to distribute consumer coupons: the most important thing is customs clearance to stimulate the economy

The NDP met today (17th) with the Financial Secretary, Chen Maobo, to submit proposals on the Budget to be announced next month, including a 1% cut in government operating expenses, an increase in gaming tax, and a proposal for self-employed, freelance performers and A stipend of $7,500 for casual workers.

Ye Liu Shuyi, chairman of the New People's Party, said that Hong Kong's fiscal reserves are only 900 billion yuan, and the distribution of consumer coupons has a limited role in boosting the economy. It is not recommended to distribute electronic consumer coupons again at this stage. Instead, the most important thing is customs clearance. Vouchers can also stimulate the economy.

Worried about structural deficits, advocates raising gaming tax

Ye Liu Shuyi said that Hong Kong's fiscal deficit is getting bigger and bigger, and she is worried that there will be a structural deficit, and asks the government to reduce operating expenses by another 1%.

She also pointed out that the government's dependence on land sales revenue for tax revenue reflects the failure of the government's economic transformation and its failure to expand the economic structure and tax base.

She proposed to increase the betting tax, from 50% to 80% for football betting, and from 72.5% to 75% to 75% to 80% for horse racing betting.

She went on to point out that the fifth round of the Anti-epidemic Fund left out the self-employed, freelance performers and casual workers, and suggested that the government provide these people with a subsidy of $7,500.

In addition, she mentioned that under the epidemic situation, cruise companies cannot maintain their livelihoods, some cruise companies are heavily indebted, and some cruise companies plan to move to Singapore. She suggested that the government subsidizes citizens to participate in high seas tours to retain cruise companies and attract them to continue to choose Hong Kong as their home port.

NDP Legislative Council member Li Zijing suggested that the government expand the scope of dental subsidies for the elderly to cover oral care services such as scaling and fillings, and add a tax exemption for hiring foreign domestic helpers, with a ceiling of $55,000.

He believes that the government should review the rate exemption mechanism for residential properties and exempt rates only for owner-occupier properties.

Disapprove of distributing consumer vouchers to keep money for anti-epidemic fund

Several established political parties have suggested that the government distribute electronic consumer coupons. Ye Liu Shuyi believes that it is not suitable at this stage, saying that although the atmosphere of distributing consumer coupons last time was good, but the effect of boosting the economy was limited, and the company that benefited the most was Octopus. The effect of consumer coupons is not as good as the previous round.

She mentioned that Hong Kong's current fiscal reserves are only 900 billion yuan. In addition to the unstable epidemic situation, the government should set aside funds for emergencies, such as launching the next round of anti-epidemic funds.

She believes that when the government relaxes the epidemic prevention measures, the restaurant business will recover. The most important thing at present is customs clearance. "As long as we can clear customs, I believe that retail and catering businesses will no longer need to rely on 5,000 yuan consumption coupons to encourage and stimulate."

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Ye Liu was asked if he was running for chief executive: I won't answer that question today

Asked if she would be interested in running for the chief executive election in March, Yip said, "I won't answer that question today."

Budget | The Federation of Trade Unions proposes to distribute 10,000 yuan of consumer coupons to promote the implementation of the cancellation of MPF hedging analysis. The fifth wave hits the market and the anti-epidemic fund will pump water again. Is there a chance of sending consumer coupons in the Budget proposal?

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