Chen maobo said that although the cash distribution plan involves a large amount of expenditure, it will not impose a long-term burden on the financial sector because it is a special measure for the current special situation. He believed that when the economic downturn and the financial reserves are still abundant, we can increase efforts in public expenditure to stimulate the economy and share difficulties with the public.
In addition, according to the report, Chen maobo also announced that more than one months allowance will be paid to those who receive the standard amount of comprehensive social security assistance, the old age allowance and the living allowance or disability allowance for the elderly, and similar arrangements will be made for the employment and transportation allowance. The expenditure of the SAR government is about HK $4.225 billion.
Source: editor in charge of global network: Wang Xiaowu NF