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    Democratic and Reform Resources Centre, Powered by Joomla!
    31 Dec 2010 列印 E-mail

    Category

       Social Welfare

    Issue

    • Community Care Fund

    News Content

    • The Community Care Fund held its first executive committee meeting yesterday. Several recommendations were made. They suggested allocating HK500 million in the first year for groups to apply on a project basis. Individual applications will not be accepted.
    • And they also suggested the Hong Kong Monetary Authority to manage the HK$10 billion Fund to save management fees demanded by private fund mangers.
    • It was reported that details of the fund will be made after discussions among the sub-committees and two public consultation sessions next month.

    Questions

    • The government is yet to reveal how much money has been collected from the business sector. The government plans to contribute HK$5billion to the fund and raise another HK$5billion from business sector.
    • It has been rightly said by the legislative Council’s social welfare representative Peter Cheung that the fund should not be a long-term social welfare policy. The government should find ways to improve the current system.