The Limited Times

Now you can see non-English news...

Budget | Tian Beichen advocates using MTR dividend subsidies to cap public transport fare increases to half of inflation


Legislative Council member Tian Beichen met with Financial Secretary Chen Maobo today (6th) and submitted 13 proposals on the upcoming budget, including proposals to use MTR dividends and tunnel income to subsidize public transport operators

Legislative Council member Tian Beichen met with Financial Secretary Chen Maobo today (6th) and submitted 13 proposals for the upcoming budget, including proposals to use MTR dividends and tunnel income to subsidize public transport operators in order to reduce fares The rate will be "capped" to half of inflation; and a 20 billion yuan "stabilization electricity rate fund" will be established to ensure that the rate of increase in electricity rates is capped at inflation.

Tian Beichen believes that the distribution of consumer coupons has limited effects, and he also pointed out that once it becomes the norm, citizens have expectations for the distribution of consumer coupons, and the distribution may not achieve the same effect again.

But he said that if the government decides to introduce consumer coupons after weighing, he will not object.

Tian Beichen suggested that the government use MTR dividends and tunnel income to cap public transport fares (photo by Zhou Haoyi)

Tian Beichen pointed out that in the past two years, the government has successively approved a 15.4% fare increase for trams, 12% for Citybus and 9% for KMB respectively, and the two buses have recently submitted applications for fares far higher than inflation.

Therefore, in the long run, a mechanism should be established to deal with the problem of large fare increases by public transport operators.

He said that the MTR cannibalize the business of other means of transportation. He suggested that the government use MTR dividends and tunnel toll income as subsidies, and after reviewing the financial data of each operator, subsidize each operator in order to "cap" the annual increase in public transport fees. to half of inflation.

Advocate the establishment of a 20 billion yuan stable electricity fee fund

He also pointed out that between 2013 and 2023, the increase rate of the two electricity bills will exceed 46%, which is twice the average increase rate of inflation in the past 10 years. In addition to the soaring fuel prices in the past year, the increase rate of electricity bills is expected to continue to rise. It is suggested that the government set up a 20 billion yuan After reviewing the financial data of the two companies, they will subsidize the two companies when necessary to ensure that the annual increase in electricity rates is capped at the rate of inflation.

Tian Beichen said that given the government's current financial situation, it is difficult to afford the large-scale "sugar distribution" measures. It is proposed to reduce the salary tax for the next fiscal year by 100%, with an upper limit of 10,000 yuan; rent-free public housing for one month, and issue an additional one The monthly social security amount.

The Youth Appraisal Committee supports the distribution of 5,000 yuan electronic consumer coupons

In addition, many representatives of the Hong Kong Youth Current Affairs Commentators Association (referred to as the Youth Review Association) also submitted budget proposals to the Financial Secretary. The association believes that "prudent financial management" is as important as "economic recovery". Zhou Haoding, a member of the Legislative Council of the Democratic Alliance for the Betterment of Hong Kong, proposed to distribute 5,000 yuan of electronic consumer coupons to Hong Kong citizens to stimulate the local economy and benefit small and medium-sized enterprises from all walks of life in the society.

At the same time, the association also suggested that the SAR government launch a new capital investor plan, allowing overseas and mainland investors to invest more than 30 million Hong Kong dollars in Hong Kong, set up companies, and recruit a certain number of local employees, and the main business of the company is to focus on promoting Industries, including innovation and technology and new industries, can apply for the right of abode in Hong Kong, thereby attracting money and talents to settle in Hong Kong.

Budget|The General Chamber of Commerce advocates distributing at least 5,000 consumer coupons Hanyang: The rich are good friends. Chen Maobo said that this year’s economy will beat the previous year. The budget will balance the recovery and financial situation. Incited to rehabilitate the budget|Liberal Party: The "milk restriction order" should be withdrawn Wu Jiezhuang: Passenger consumer coupons budget|Electronic consumption coupons will not help grassroots rent-paying agencies to promote targeted poverty alleviation 10,000 yuan cash budget|Wu Jie Zhuang advocates "digital herdsman visa" to attract talents and increase more betting competition budget|East Kowloon Residents Committee advocates increasing public transport subsidies and setting up a budget for children's medical vouchers|Heung Yee Kuk advocates consumer vouchers of 5,000 yuan for sale at cost price of HOS in the New Territories Five Tunnel Free

Source: hk1

All news articles on 2023-02-06

You may like

Trends 24h


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.