Hong Kong is gearing up for significant adjustments to its public transportation subsidies as part of the 2025 budget revisions, raising discussions on the future of the two-dollar fare scheme for seniors.
The new budget, to be announced on February 26, is expected to bring forth measures aimed at addressing the growing financial deficit, which has been under scrutiny due to three consecutive years of budget shortfalls. According to reports, the government is considering limiting the two-dollar transport subsidy scheme to 240 rides per month and setting stricter fare reductions for longer journeys.
Member of the Legislative Council, Cheung Yan-yu, spoke on the matter, emphasizing the government's attempt to balance various interests with these proposed measures. He indicated, "I believe the government has taken milder steps to adjust the fare scheme." During his appearance on the public program, he explained the rising costs associated with the plan primarily stem from the lowering of the age eligibility threshold from 65 to 60 and the leniency of fare adjustments by certain transport companies over the past five years.
Cheung expressed his perspective, stating, "The community acknowledges the necessity of addressing possible abuses of the scheme. Yet, I believe the instances of those exceeding the 240 rides limit each month are minimal.” He highlighted the societal benefits of the plan, such as encouraging older adults to engage more actively with their communities, which could have positive impacts on healthcare and welfare expenditure.
Another voice from the Legislative Council, Li Sai-wing of the Democratic Alliance for the Betterment and Progress of Hong Kong, echoed sentiments on the proposed limit of eight rides per day. He stated, "The eight-ride limit seems reasonable, especially for elderly individuals assisting with family needs, like taking care of their grandchildren.” Li also raised queries about the practicality of implementing new fare caps, expressing concerns over the necessity for seniors to plan and calculate their travel expenses more carefully.
Specific calculations, such as the two-dollar fare applying to journeys costing 10 Hong Kong dollars or more, have raised reservations, with Li cautioning against the potential confusion this may create for older passengers. He urged transport companies to address issues arising from short distance rides on long routes, advocating for corporate responsibility.
Community reaction has been mixed, with some seniors benefiting from the two-dollar travel scheme voicing strong support, arguing it’s merely compensatory for their past contributions to society. Others have pointed out the necessity for fiscal prudence, advocating for differentiated subsidy levels based on age groups.
The overall financial climate, especially under the shadow of a deficit nearing 100 billion Hong Kong dollars, poses salient questions on the balance between providing sufficient support for the elderly and maintaining fiscal sustainability. Critics suggest drastic measures, including salary freezes for civil servants and cuts to other subsidies, as possible avenues to mitigate the budgetary challenges.
The decision to move forward with these budget revisions and fare changes will undoubtedly affect various segments of the community, and as the February 26 announcement approaches, public sentiments will continue to evolve.
With various stakeholders expressing their views, the outcome of this budget proposal is not just about immediate financial adjustments; it also reflects broader societal values and priorities concerning older citizens.
Overall, the adjustments being discussed highlight the inherent tensions between budgetary conservativeness and the welfare of vulnerable populations, which remain at the forefront of public concern as Hong Kong navigates its fiscal future.