FS explains voucher, duty proposal
Financial Secretary Paul Chan today responded to questions concerning his 2021-22 Budget speech, such as the proposed consumption voucher scheme and increase in the stamp duty on stock transfers. During a radio show this morning, the finance chief was asked if the Government would offer the public another option to receive cash instead. Mr Chan stressed that the Government put forward the electronic voucher option after considering public views. "On the consumption voucher (scheme), the idea is to try to encourage those spending in domestic shops within a short period of time. Over the past two days, we have been listening to views from members of the public. "The policy consideration, in fact, this year is to try to use this money to help revive domestic consumption and the economy. That's why we chose to use consumption vouchers instead. "Please do acknowledge that the scope of spending is very wide. People can use it to go to markets, to go to