2024-01-05 23:46:00
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2024-01-06 HKT 07:46
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The government hopes to create an environment conducive to childbirth and send a strong message to society that the government encourages citizens to have children. (shutterstock)
In order to encourage childbirth, the SAR government plans to spend more than NT$2.2 billion to implement the newborn baby incentive program proposed in the policy address.
The Labor and Welfare Bureau submitted a document to the Finance Committee of the Legislative Council, hoping to approve the establishment of a new commitment of NT$2.286 billion. The government said Hong Kong’s birth rate continued to be at a low level, falling to a low of 0.9 in 2022. At the same time, it is expected that the proportion of elderly people aged 65 and above in Hong Kong will increase from 20% to nearly one-third in the next 10 years.
In order to reverse the sluggish fertility rate in Hong Kong, the Policy Address released in October last year announced a series of measures to encourage childbirth, including a one-time cash reward of NT$20,000 for newborn babies of eligible parents, thereby creating a It creates an environment conducive to childbirth and sends a strong message to the society that the government encourages citizens to have children. It also hopes to provide the manpower needed for long-term economic development and alleviate the problem of population aging.
The Newborn Baby Incentive Scheme will last for three years. Eligibility includes that the baby must be born in Hong Kong between October 25, 2023, the day the plan was announced in the “Policy Address”, and October 24, 2026; when submitting the application, one of the parents must be One party must be a permanent resident of Hong Kong.
The government estimates that starting from 2024-25, the birth population will increase by 20% compared to 2022, when about 32,500 babies will be born, that is, there will be about 39,000 newborn babies every year. If the plan is approved by the Finance Committee, incentive payments are expected to begin in late February this year.
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