Govt Urged To Boost Welfare Spending In Budget

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-02-07 HKT 12:39

Share this story

facebook

  • Govt urged to boost welfare spending in budget

About twenty Democratic Party members staged a protest outside the government headquarters demanding the administration put more money into social welfare in the upcoming budget.

The party's chairman, Wu Chi-wai, says he hopes the government will use its huge surplus to improve public healthcare and elderly services, as well as offer tax rebate and rates waiver.

He says as long as the government invests more in social services, the public won't mind if there's no cash handout.

Separately, about 30 members of the League of Social Democrats and People Power marched to Government House asking for better welfare for the elderly.

The League of Social Democrats' chairman, Avery Ng, called on the government to spend HK$100 billion on a universal pension.

He also said Chief Executive Carrie Lam should apologise to the elderly, for cutting the social welfare payment for those aged between 60 and 64.

Lobbying is expected to increase ahead of February 27, when the Financial Secretary, Paul Chan, will deliver the budget.

On Wednesday, the pro-government Federation of Trade Unions called on Chan to push forward plans to scrap the controversial MPF offsetting mechanism as soon as possible.

The government is also under scrutiny over changes to social welfare eligibility, which raised the age from 60 to 65.

RECENT NEWS

OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October

OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more

The Race For Hong Kongs First Stablecoin Licenses Is Almost Over

I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more

HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets

Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more

Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion

Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more

Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong

Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more

Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea

Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more