[Sing Tao Daily report] Financial Secretary Chen Maobo released the latest Budget today (23rd)2022-02-23 [Sing Tao Daily report] Financial Secretary Chen Maobo released the latest Budget today (23rd), which mentioned that the government's "fines, confiscations and fines" in 2021/22 will be as high as 2.35 billion yuan, accounting for 2021/22. 0.5% of the total government revenue, an increase of more than 30% from the original estimate of 1.78 billion yuan. Among them, the "fixed penalty system (traffic violations)" commonly known as "beef jerky" also earned 1.08 billion yuan for the warehouse, accounting for 45% of the total. That is to say, more than 3.37 million tickets were issued in the past year, of which the government estimated that the relevant amount in 2022/23 was as high as 1.17 billion yuan, or 3.68 million tickets, with an average of 10,000 tickets per day.
In addition, in 2021/22, the revised estimate of "fines and statutory fines ruled by the court" is 780 million yuan, an increase of 330 million yuan over the estimate, mainly from the "gathering restriction order", "mask order", "forced inspection order", etc. Fixed penalties for disease prevention and control, as well as penalties imposed by the Securities Commission and the HKMA.