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Hong Kong budget 2024-25
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A crowd watches fireworks lighting up over Victoria Harbour on the second day of Lunar New Year on February 11. Photo: AP

Letters | Should Hong Kong taxpayers’ money be spent on monthly fireworks?

  • Readers discuss the city’s annual budget, the danger of scrapping property cooling measures, and how to take better care of caregivers
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The 2024-25 budget that has just been unveiled raises questions about whether it is making good use of taxpayers’ money and will truly benefit society.

Major items include the allocation of HK$1.09 billion to the Tourism Commission and Tourism Board for events such as monthly firework shows and drone displays. Public examination fees will not be waived for Diploma of Secondary Education students. Stamp duties will be removed, while tobacco tax will be increased.

President Xi Jinping has emphasised the importance of soft power, while the 14th five-year plan supports Hong Kong’s role as a global cultural hub. Tourists, including those from the mainland, do not come to Hong Kong solely to buy luxury goods. They also enjoy Hong Kong’s natural scenery and visit photogenic spots like Choi Hung Estate.
Using grand shows to attract tourists may not be fiscally sensible, given their huge costs. Moreover, mainland tourists who visit Hong Kong may stay only one or two days, if not leave right after the show.

Rather, the government should promote local heritage including “silk-stocking” milk tea, and dai pai dong or no-frills food stalls. These uniquely Hong Kong attractions are probably more effective tourist draws.

The budget fails to clearly outline significant means of generating revenue other than bonds. Does the government intend to make up the difference through fines or removal of the DSE fee subsidies?

The budget could use more prudent planning. Otherwise, public discontent is sure to grow.

Ryan Cheung, Diamond Hill

Balance needed between property market forces and social welfare

Cooling measures on property have been scrapped. However, it is crucial to critically examine the implications of such a move and recall what the late paramount leader Deng Xiaoping said about bourgeois liberalisation.

In the 1980s, Deng explicitly warned against the worship of capitalism and bourgeois liberalisation. In the selfish pursuit of personal gain, which is inherent in bourgeois thinking, the interests of the capitalist class are prioritised over the well-being of society as a whole.

Those in favour of scrapping the cooling measures often prioritise property owners and investors over the broader society, and neglect the impact such a move would have on housing affordability and the wealth gap.

Deng emphasised the dangers of unchecked capitalism, which bourgeois liberalisation tends to promote. Scrapping cooling measures may reignite speculation and inflate property prices, keeping housing unaffordable for the general population and undermining social stability in the long run.
Indeed, it risks undermining the government’s social welfare goals.

While the property market should be allowed to function effectively, it is equally important to ensure affordable housing and address social inequality.

Striking a balance between market dynamics and social welfare is essential to ensuring a fair and inclusive society. It is crucial to avoid the pitfalls of bourgeois liberalisation as we navigate the challenges of socioeconomic development.

Stanley Ip, Sai Wan Ho

City should take better care of caregivers

In a recent suicide case involving a carer, an elderly man died at Shek Mun MTR station in January. Does the city realise the importance of giving care to caregivers? Carers who lack familial support and face financial pressure could often feel stressed.

Although the Community Care Fund has a scheme providing allowances for carers of elderly people from low-income families, the scheme comes with restrictions, including that “the carer must not be a recipient of Comprehensive Social Security Assistance”.

It is commendable that the Social Welfare Department runs respite services for elderly and disabled persons to lighten the burden on carers. Still, their utilisation rates remain low, with the rate for day care centres for the elderly at 46 per cent for 2019-20 and 27 per cent for 2021-22.

This could be due to the government’s lack of promotion, or elderly people’s unease over being sent to care centres. So how can families be encouraged to use these services?

The government could step up the promotion of these services through channels such as newspapers, television and social media. The publicity campaign could emphasise that care centres are well-equipped, and that respite services not only allow patients to interact with others, but also give carers time every day to pursue their own interests, meet friends or simply de-stress.

On another note, to boost carers’ well-being, more counselling services could be provided to those in need of mental support. Sometimes, talking to a professional – a social worker or a psychologist – can help relieve stress. The Social Welfare Department could have social workers reach out to carers regularly. They would also be able to advise carers on how to cope when their elderly family member throws a tantrum, for example. Furthermore, this could help keep the authorities updated on carers’ situations and ensure their well-being.

The government is eager to boost childcare services to encourage childbirth; carers deserve the same policy attention. Like parents of young children, carers are pillars of society. The government, NGOs and various stakeholders could join forces to care not just for the elderly, but also for their carers.

Lucas Lee, Sha Tin

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