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As regards CSSA, the Secretary pointed out that as from next month, the average monthly payment to a single elderly person would be about $2,700.
The new rates for the single elderly which will come into effect in April will mark a 26 per cent increase in real terms, over and above inflation, compared with the level being paid three years ago.
"It cannot be said that we have been neglecting these payments," she stressed.
Mrs Fok said the Government was conducting a Review of the CSSA system and payment rates, the outcome of which would be available in early 1996.
"Although the results of the Review will become available late in the preparations for the 1996/97 budget, we shall do all we can to ensure funding is made available to start to implement the changes recommended in that financial year.
"The Financial Secretary has agreed that some funds should be reserved for this purpose in advance of the conclusion of the Review," said Mrs Fok.
While appreciating the spirit behind Mr McGregor's amendment, Mrs Fok stressed that the Administration must have regard to what the taxpayer could afford and the implications of any proposal on the financial and economic well being of Hong Kong.
"We believe that retirement protection and welfare support for the needy are essentially different issues which are better dealt with separately.
"We therefore oppose this amendment," Mrs Fok stated.
End/Wednesday, March 8, 1995
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