Finance Committee Meeting

held on Friday, 18 July 2008, at 9:00 am

Record of decisions

ItemPaper No.SubjectDecisions
1.FCR(2008-09)40Creation of a new commitment of $2 billion for injection into the Trust Fund in Support of Reconstruction in the Sichuan Earthquake Stricken Areas as Hong Kong Special Administrative Region Government's financial commitment to the reconstruction support work at the initial stage

(Division ordered :
Yes - 32
No - 0
Abstention - 7)

2.FCR(2008-09)41 (a)the provision of one additional month of the standard rate of Comprehensive Social Security Assistance payment for Comprehensive Social Security Assistance recipients, one additional month of allowance for Disability Allowance recipients and two additional months of allowance for Old Age Allowance recipients; Approved
(Division ordered :
Yes - 39
No - 0
Abstention - 0)
(b)an increase in commitment from $840 million by $1,680 million to $2,520 million under Head 62 Housing Department Subhead 700 General non-recurrent Item 883 for the provision of two months' rent for the lower income families living in the rental units of the Hong Kong Housing Authority and the Hong Kong Housing Society;
(c)an increase in commitment from $4,400 million by $4,400 million to $8,800 million under Head 147 Government Secretariat : Financial Services and the Treasury Bureau (The Treasury Branch) Subhead 700 General non-recurrent Item 881 for the provision of electricity charges subsidy for eligible residential households;
(d)a new non-recurrent commitment of $550 million under Head 173 Student Financial Assistance Agency Subhead 700 General non-recurrent for the provision of a one-off support grant for needy students; and
(e)supplementary provisions of $1,030 million and $840 million under Head 170 Social Welfare Department Subhead 179 Comprehensive social security assistance scheme and Subhead 180 Social security allowance scheme respectively.