The cash injection will be made into Central Provident Fund accounts next year, following the government’s earlier announcement of a budget surplus in 2024.
Wealth Partaking Scheme
The annual cash handouts have been made to the territory’s permanent and non-permanent residents since 2008.
Finance chief Lei Wai Nong tells legislators that the measure was an extraordinary one, only designed to relieve financial difficulties faced by residents during the pandemic.
The elderly and other specially deserving cases will be first in line for the government bonus, and all entitled residents will be paid by mid-May.
