請各位先登陸 (studentID,Moodle 密碼登陸),後編輯
請各位使用左方之工具列上的上載文件連結上載習作相關的相片

Budget small favors can't ease poverty

出自香港新聞網 - 樹仁新傳系學生實習習作

跳轉到: 導航, 搜尋

The 2012-13 Budget has been announced by Financial Secretary John Tsang Chun- wah for a week, with no more HK$6,000 cash handouts as it did last year, the focus of the Budget shifts to the tax rebate made to the middle class. While the middle class generally satisfy with the tax rebate, Chiu Sin Chun, veteran financial commentator from Now TV, however has a different view on it, saying the tax rebate is just “small favors”, does little to narrow down the poor-wealth gap in Hong Kong.

By Cassandra Guo Feb 7, 2012



Chiu said that the Budget delivered by Tsang offers only small favors to it citizens, for it the tax rebate or the other relief measures, failing to help the grassroots to get rid of poverty, and can’t even lessen their current financial burden against the ever rising inflation.


Chiu also criticized the inflation-linked retail bond, or iBond issued by the government, saying it should not be introduced again. The iBond was first introduced by Tsang last year, and issued under the retail section of the Government Bond Programme, which is only for subscription by Hong Kong residents. “The money collected will only be stored in the treasury but not putting into investment, when it comes to giving out dividends to subscribers, the money (dividends) comes from tax payers after all,” said Chiu.


According to Chiu, it is written in the Basic Law that the drawing up of Budget should be based on the principle of keeping expenditure within the limits of revenues. Chiu said that Tsang has followed the Basic Law in formulating the Budget, which is a good thing. However, Chiu said that the budget is too conservative comparing with its huge fiscal reserves.

[Grade: A-]
個人工具