The new "Budget" will be released next month. DAB accountant Legislative Council member Huang Junshuo said on the radio today (20th) that in the past few years, the government has spent more resources on epidemic prevention and anti-epidemic, and the income from land sales has not been as high as Ideally, the deficit is expected to widen further.
He said that even if the short-term economy improves after the customs clearance, it is believed that the deficit this year will still be close to 100 billion yuan.
Huang Junshuo pointed out that distributing consumer coupons to the whole people has little effect on boosting the upper-middle class and is not the best option. He believes that the government should provide targeted poverty alleviation, provide public housing rent and electricity subsidies, and use resources to those in need.
It is better to use resources to subsidize public housing rent and electricity bills for those in need
Huang Junshuo said that the distribution of consumer coupons in the past two times has indeed boosted the economy, but Hong Kong's economy must always be driven by tourism. He suggested that the government focus on attracting tourists to Hong Kong.
He also pointed out that the fertility rate in Hong Kong has been low in recent years, and suggested that the government provide a "reimbursable" tax allowance for children's education expenses, which is 3,000 to 5,000 yuan per month, and a total of 36,000 to 60,000 yuan per year.
Advocate the provision of "reimbursable" tax allowances for children's education
He also suggested that the government introduce a "group loss tax transfer system", allowing the group to transfer the tax loss of one of its subsidiaries and use it to offset the taxable income of another subsidiary.
He said that Singapore and other places have introduced relevant systems many years ago, and he believes that this system will help attract groups to Hong Kong and enhance the status of Hong Kong's financial center.
Budget︱Democratic Alliance calls for further disbursement of 10,000-yuan consumption vouchers for first-time home buyers aged 40 or under, tax exemption, and hot spots are gradually withdrawn The Federation proposes to distribute 10,000 yuan of consumer vouchers for people's livelihood that can be used to pay utility bills. Budget 2023｜Xie Weiquan hopes to continue distributing consumer vouchers and promote progressive mortgages. not as high as in the past
