More than 1.5 million Hongkongers to get cash handout of HK$4,000 each as government bows to intense political pressure
Sources say an official announcement will be made as early as Friday afternoon
More than 1.5 million Hongkongers who do not benefit from this year’s budget are set to receive a cash handout of HK$4,000 (US$510) each from the government.
Sources said an announcement would be made as early as Friday afternoon.
Former Hong Kong minister wanted budget to include HK$3,000 ‘red packets’ for all
The sources also confirmed the government would not limit it to only those earning less than HK$15,500 per month, as reported earlier by some media, but take other factors into consideration when deciding on eligibility. Only those aged 18 years and above, covering young people, housewives and retirees, would be eligible for the handout, to be administered by the Community Care Fund, a public-private trust.
“The financial secretary still adopts a targeted approach … given not everyone would receive the cash handouts,” a source said, noting that it was not a U-turn on the government’s part.
Hong Kong financial chief faces budget dilemma of those who lose out
Chan in his financial blueprint – the first by the government of Chief Executive Carrie Lam Cheng Yuet-ngor – dished out a combination of salary and profits tax rebates and increased old age and disability allowances for at least two million Hongkongers.
The finance chief asked the Community Care Fund to consider reoffering short-term relief for the so-called “N-nothing” households, defined as those who do not receive subsidised housing or welfare assistance but do not earn enough to buy a home or benefit from tax breaks.
Government will look into helping those who missed out on Hong Kong budget perks and consider redefining ‘N-nothing’
When Chan was accused of distributing the sweeteners unevenly, with more than 80 per cent of the HK$50 billion spending package going to the middle class and less to those who neither paid taxes nor received allowances, he maintained that doling out cash to all was not part of this administration’s fiscal strategy.
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In the wake of the public backlash, Chan and welfare minister Dr Law Chi-kwong said the definition of “N-nothing” households could be expanded to cover low-income retirees, young people and even housewives.