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What I mean is, a good welfare system for the elderly is helpful to the maintenance of stability, not only for the families in our community, but also for the entire society. And so such spendings are really worthwhile..
the young is equally as important as care for the
per cent elderly. We are spending over 45.5% of our entire expenditure
on social welfare.
Within this amount, we should consider allocating more to child care and pre-school education. In the long run, the Government should pay equal emphasis to care for the elderly and the young, and we should provide
more financial related
organisations support to voluntary agencies providing such services to the young and the elderly.
5
UP 6
[Care for
7
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бія
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15
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18
is a
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2222
on
sir, the topics of personal allowance and separate taxation are now being heatedly debated
The Financial Secretary
suggested a reduction
reduction of 1
upon.
of a standard tax rate to 15.5 per cent
per
ber cent
which also which also
allowance for basic and extra tax.
But actually, the Salaries and
fer
cent
That
ber cent means a 6 increase of the
This is, of course, welcome.
Incomes
Index'
OS
has already
I just wonder
21 increased by 49 in the past five years,
whether the allowance being given is out of proportion. I think we should have separate
separate taxation for married couples because
after a citizen marries, he not only has to look after himself,
he has to shoulder the burden of a new family. It is totally
unreasonable if we have a marriageftax levied on such a person.
NP 22
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30
regarding the
the
28 GIE we Look at the interests of Hong Kong as a whole,
Financial Secretary may feel that it is difficult to
to please
everybody facing request of separate taxation. But, I think
the most important thing is to strive for a better and a fairer
society. That is why I think the Government should seriously
consider the feasible measures for optional separate taxation.
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35 I welcome the Financial Secretary's prudent financial philosophy 36 in order to maintain
to maintain a high level of fiscal reserves. But I
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