More Wish-lists Ahead Of Budget

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

Related News Programmes

"); });

2019-02-24 HKT 13:36

Share this story

facebook

  • More wish-lists ahead of budget

About 60 people from the Society for Community Organisation have called for the government increase spending on poverty alleviation, housing and health in the upcoming budget.

The cap on government spending is set at one-fifth fifth of the city's gross domestic product.

But SOCO's community organiser Richard Tsoi says the cap should be raised to one-quarter, as he believes the government has sufficient reserves to support more public spending.

Speaking at a demonstration outside government headquarters, he said: "I think in the past, the government has lots of constraints on expanding public expenditure, that are limiting the government from providing more services and welfare ... We are now facing the elderly problem, we also face the problem of 1 million poor people."

Legislator Priscilla Leung was among another group of people outside government headquarters.

Leung, from the Business and Professional Alliance, called on the government to set aside HK$100 billion to re-introduce its Special Loan Guarantee Scheme for small and medium-sized enterprises. The amount is equal to about a quarter of the government's annual recurrent expenditure.

Leung and about 30 people from Kowloon West also urged the government to provide more tax benefits to and a one-month rent waiver to public housing tenants to relieve their burden.

RECENT NEWS

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more

How Gaming Giants Are Redefining The Experience Of Paying

Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more