Hong Kong government to provide 140,000 yen per citizen for economic support measures February 26 23:14
The Hong Kong government has announced that it will provide a flat rate of 140,000 yen in Japanese yen per citizen as a measure to support the economy, which has cooled due to a series of protests and the spread of the new coronavirus.
The Hong Kong government submitted a budget proposal for 2020 to a parliamentary legislature on the 26th.
Among them, in addition to a series of protests last year, the spread of the new coronavirus has led to an unemployment rate of 3.4%, the highest in three years. We have provided 1.7 trillion yen in economic support measures in Japanese yen.
Among them, all citizens over the age of 18 who have permanent residence will receive HK $ 10,000 per person and approximately 140,000 yen in Japanese yen.
On the other hand, the announced GDP = gross domestic product in 2019 was 1.2% lower than in the previous year, the negative growth since 2009 when the economy cooled down due to the Lehman shock.
We also expect the economic growth rate to be between minus 1.5% and plus 0.5%.
`` The economic situation is very bad, social unrest and violence have affected travel and consumption, and the new virus has also had a negative effect from the beginning, '' said Hong Kong government Finance Minister Chen Maombo. "He said, and expects the situation to be even more difficult.