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The following article was published in our article directory on April 21, 2011.
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The macau government hair money to citizens for the disinflationary

Article Category: Business

Author Name: xia zihui

The chief executive of the macau SAR CuiShiAn said today, the SAR government launched again in the second half of the year, suggested to one-time aid measures every name a permanent resident AoMenBi 3,000 yuan handed out cash, the permanent resident $1,800 per person, assist citizens against high inflation.

CuiShiAn is in his recent question-and-answer session today attendance legco fielded questions do the remarks when.

He said, pay attention to the livelihood of the people has been the SAR government policy priority. Government understand citizens face inflation pressure, but macau to fight inflation problem exists in some limitations factors, including: lack of independent monetary policy; Limitation of the taxation policy and difficult to change the external input sexual factors. However, considering the inflation problem persists intensifies, the government was listening to the public and the views of the community, and comprehensive multiple polls analysis, and inflation figures and reference in the past year, after the government's fiscal surplus by carefully considered, decided to launch the second half again, assist citizens disposable allowance measures to cope with the inflationary pressures. The government is proposing to every name a permanent resident AoMenBi 3,000 yuan handed out cash, the permanent resident $1,800 per person, is expected to AoMenBi total expenditures budget about 1.7 billion yuan. The proposal to discuss HangZhengHui after a government to the legislative council short term to the supplementary budget.

CuiShiAn said, the government estimates, the cash assistance on price level will only bring short influence, inflation is rising, estimates that fewer than 0.45% micro.

He said, other ease inflation measures are: encourage enterprises to raise compensation, assist middle solve long-term housing problem, encourage continuing education, promoting occupational diversification and promote professional certification, research career tax allowance, ascend further perfecting retirement system, etc.

CuiShiAn also said the government will also actively explore lose Macao food supply to ensure sufficient supply channels, as far as possible the decrease of the intermediate links, reduce the cost price; At the same time, regular foreign release information, transparency, promoting healthy competition, stabilize prices.

"Indeed, in the long run, will let citizens share economic development achievements, not necessarily must use cash share such a rough way, distributed thousands of yuan each year to citizens for disadvantaged families, there are certain help, but to their escape, or difficult to fundamentally change their poverty." Macao editorial personage, HeWeiTian also to harvard association HeHaiMing agreed.

Because Macao government has distributed cash to citizens for four consecutive years, the resulting "some citizens thus become lazy" side effect has been receiving also reviled. And this red envelopes does not rise but lower amount, the more draws some citizens of a bristle.

"Therefore, although pie in the short term red envelopes behavior of citizens against inflation is one of the effective measures, but we still hope the government can have a long-term solution, such as increasing the guarantee, and the building of a pension fund plan, and such as wages and CPI increase." link HeHaiMing also told newsweek reporter for example, era of macau social security funds since last year built central savings system, government to each over 22 injection of 10,000 yuan, permanent residents of this year will also continue to capital injection $6,000.00, until 65 years old. "With the development of economy, later like incense, tami, if such retirees only seventeen yuan every month is certainly not enough income, so central savings system actually from largely solved the trouble back at home of elderly people.

"Compared with the mainland, macau's welfare have certain advantages in the mainland, but these practices, because it is still hard to implement and Macao is too small, less, is a miniature society, so the practice of macau mainland cannot copy." Macao polytechnic university one country, two systems, director of the research centre for YangYunZhong times weekly reporter said, "but, for any government is concerned, should really is for their own citizens many consider, for some benefits, such more than never wrong."

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