HK$5,000 voucher scheme to allow greater flexibility, says finance chiefLocal | 8 May 2021 5:13 pm
The government’s HK$5,000 handout in spending vouchers will offer greater flexibility for members of the public in how they will be spending them, said Financial Secretary Paul Chan Mo-po.
The government earlier announced that the vouchers will be issued this summer in monthly installments of HK$1,000 each, along with a limited timeframe to use them.
Speaking on a radio program today, Chan said the vouchers will be given to citizens in fewer installments and will allow people with more time to spend them, not letting the money “go down the drain.”
He also revealed that the government is considering letting residents keep the spending vouchers to use during the Lunar New Year holiday next year.
The vouchers were announced in the financial secretary's February budget as a way to encourage local spending and stimulate the economy after the pandemic.
People will be able to register to receive the vouchers via Octopus, Alipay Hong Kong, Tap-and-Go, and WeChat Pay Hong Kong. They'll be available to all permanent residents over the age of 18, as well as new arrivals.
Some welfare groups had criticized the voucher scheme, saying a direct cash handout would be more useful for grass-roots Hongkongers.