Consumer Coupon｜Lu Weiguo asks for 10,000 "small fortunes for big fortunes" Scholars: If you stop sending money, the economy may shrink

The new "Financial Budget" will be released next month. The chairman of the Democratic Federation, Lu Weiguo, said on a radio program today (26th) that consumer coupons are a measure to directly help citizens. The past two distributions have had positive effects and will help boost the economy. It is recommended Distribute 10,000 yuan electronic consumer coupons.

He said that he understands that the "Budget" needs to be balanced, but in the critical period of returning to normal, the government's support to citizens and enterprises is very important. When economic activities are gradually booming, the government's tax revenue and even land sales revenue will also increase. He described it as " Don't make small fortunes, and don't make big fortunes."

Lam Chun-sing, chairman of the Federation of Labor Unions, suggested distributing 5,000 yuan electronic consumer coupons to all people, and believed that income should not be used as a demarcation line.

When asked whether consumption coupons should be used to pay utility bills, Lin Zhensheng believes that the government may provide subsidies for electricity bills, and consumption coupons should focus on driving retail and catering businesses.

Lin Zhensheng proposed to send $5,000 to set up individual industries and maternity subsidies

Lu Weiguo pointed out that the biggest appeal of the residents in the district yesterday was to distribute consumer vouchers, emphasizing that consumer vouchers are the most direct way of "returning wealth to the people" and play an important role in restoring Hong Kong to normal.

In addition, he suggested that the government set up a $2 billion "mega event fund" and set up a task force to study how to rebuild Hong Kong's event capital, and urged the establishment of a new "tourism industry development blueprint" to promote the development of cultural and creative industries.

Lin Zhensheng said that it is difficult to recruit people in industries such as elderly care and minibuses. He suggested that the government launch a subsidy plan to subsidize related industries to increase wages and provide on-the-job training. Each employee will be paid 5,000 yuan per month to attract newcomers to the industry.

He also proposes a maternity allowance of $3,000 per quarter for families with children.

He proposed that the school can be converted into a childcare center after class, and a non-profit organization will enter to provide childcare services until 7 to 8 pm, and parents will pick them up after get off work.

Yuen Wai-kei, an assistant professor of the Department of Economics and Finance at Shue Yan University, believes that the government should continue to issue consumer coupons.

(Photo from Shue Yan University)

Scholars: Sudden suspension of consumer coupons or counter-effects of economic contraction

Yuen Wai-kei, an assistant professor of the Department of Economics and Finance at Shue Yan University, said that the government's financial situation is still stable, and the unemployment rate in Hong Kong has fallen. It is expected that the government will no longer need to launch the "employment protection" plan. It is believed that the fiscal deficit in the next year is expected to drop to 70 billion to 80 billion Yuan.

He pointed out that the current economy has not fully returned to normal. If the government shrinks the fiscal budget significantly, it will affect economic growth. He believes that the government should step by step and reduce the fiscal deficit by tens of billions of dollars every year to gradually achieve a balanced budget.

He pointed out that the future economy will be unstable, coupled with the expected increase in inflation, he believes that the government should continue to distribute 10,000 yuan of consumer vouchers this year, and then gradually decrease.

He said that each distribution of consumer vouchers in the past had a boost effect of about 0.7% to 1%. If the distribution is suddenly not made this year, it will have the opposite effect and lead to further economic contraction.

If the consumer coupons are allowed to pay for water, electricity and gas, it is different from the original intention

As for some political parties suggesting that consumption coupons be used to pay utilities and other expenses, Yuan Weiji pointed out that this is inconsistent with the original intention of consumption coupons, which means that after the government distributes money to the citizens, the citizens then hand it back to the government. no help.

He believes that the public knows how to adjust their expenses, such as buying food with consumption coupons and paying electricity bills with the food money.

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Li Zhaobo advocated research and only sent $5,000 at most to stimulate the local economy. The short-term Federation of Trade Unions paid New Year's greetings to the rich man to fight for 10,000 yuan in electronic livelihood consumer coupons.