21
THURSDAY, APRIL 27, 1989
BUDGET FAILS TO RE-DISTRIBUTE WEALTH: Y F HUI * * * * *
A FAIR DISTRIBUTION THE 1989-90 BUDGET FAILED TO BRING ABOUT
WAS EXCESSIVELY PRUDENT, OF WEALTH FOR THE PEOPLE OF HONG KONG AND
YIN-FAT EXTREMELY CONSERVATIVE AND TOTALLY DISAPPOINTING, THE HON HUI SAID TODAY (THURSDAY).
SPEAKING IN
THE LEGISLATIVE
COUNCIL
DURING THE SECOND-DAY
BUDGET DEBATE, MR HUI SAID THAT IN THE LIGHT OF HONG KONG'S VOLATILE THE WISDOM ECONOMY AND THE FORESEEABLE DOWNTURN OF INFLATION TRENDS, OF SAVING UP
BUILDING OF INFRASTRUCTURE
QUESTIONABLE.
EXCESSIVELY FOR THE
"THE CONCESSIONS MADE ON SALARIES TAX AND PROFITS TAX NO BENEFIT THE OPULENT WHO BECOME RICHER, WHILE THE GENUINELY POOR REMAIN POOR," HE SAID.
TWO-THIRDS HE SAID THAT WITH
WAS
DOUBT
STILL
AND
LEFT
AFTER FOR
IMPROVING
OF SOCIAL WELFARE EXPENDITURE
PAYMENTS, SECURITY BY SOCIAL THIS YEAR BEING ABSORBED
LITTLE VERY DEDUCTING INFLATION-ADJUSTED COSTS, EXPANDING EXISTING SOCIAL WELFARE SERVICES, NOT TO SERVICE STANDARDS.
WAS MENTION
TO THOSE WHO ARE ALL SECTORS
"A PROGRESSIVE SOCIETY DOES NOT ONLY CATER LEAST ABLE TO HELP THEMSELVES, BUT ALSO AIMS AT ENABLING OF THE COMMUNITY TO BECOME SELF-RELIANT AND CONTRIBUTING MEMBERS, SAID.
..
HE
OF SOCIAL SUBVENTION FROM YEAR WAS
FROM FAR
WELFARE $1.18 BILLION
IN ADEQUATE
DEPARTMENT
LAST MEETING THAT
SAID THAT HE
INCREASE THE EXPENDITURE AND SOCIAL WELFARE YEAR TO $1.3 BILLION THIS CURRENT SHORTFALLS IN PROVISIONS AND ENHANCING SERVICE STANDARDS HAD ROLLED BACK AND DETERIORATED OVER THE YEARS.
10 PER CENT OF
PROCEEDS, LOTTERIES FUND
THE LOTTERIES HE SUGGESTED THAT INSTEAD OF THE PRESENT 3.5 PER CENT, SHOULD GO TO THE WHICH WAS SET ASIDE FOR WELFARE PURPOSES.
ALLOCATION PROJECTS, AND THE GENERATE
HE SAID THAT HALF OF THE 10 PER CENT LOTTERIES FUND SHOULD BE DESIGNED FOR CAPITAL GRANTS FOR WELFARE
A REVOLVING FUND TO REMAINING HALF SHOULD BE USED AS INTERESTS FOR THE IMPROVEMENT OF SOCIAL WELFARE SERVICES.
TURNING TO SALES TAX, HE SAID THE SOCIAL AGAINST THE IDEA OF A SALES TAX.
WORK PROFESSION WAS
"WE LOOK UPON THE
GOVERNMENT'S
EXPRESSED
NEED
MORE STABLE INCOME IN THE LIGHT OF RISING INFLATION AS BUILD UP ITS OWN RESOURCES," HE SAID.
FOR SECURING AN EXCUSE TO
INTRODUCING SALES
BESIDES, TO LOWER THE DIRECT TAX RATE AFTER TAX COULD ONLY WIDEN THE GAP BETWEEN THE RICH AND THE POOR, HE SAID.
/IF, HOWEVER,