The head of the Hong Kong Executive, John Lee, announced this Wednesday a series of measures to encourage births in the territory that include a bonus of 20 thousand Hong Kong dollars ($2,560) to parents for each child born.
The measure will be effective with each child born from this Wednesday to at least one parent with permanent residence in the city until three years from now, when it will be reevaluated, announced the president of the former British colony, according to local media Hong Kong Free Press .
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Other incentives include a 20% increase in the deduction limit for mortgage interest or domestic rent, and the granting of priority for the allocation of subsidized and public rental housing.
Hong Kong’s fertility rate remains one of the lowest in the world, at 0.77 children per woman in 2021, far from the generational replacement level, which stands at 2.1 children per woman.
According to a survey last August reported in the Hong Kong media, the number of couples without children already exceeds the number of couples with children in the semi-autonomous city.
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In addition, Hong Kong, with a population of about 7.4 million inhabitantshas a life expectancy of 85.4 years, according to the World Bank, one of the highest in the world.
The proportion of people aged 65 and over is projected to rise from 20% of the Hong Kong population to almost a third by the end of the next decade.
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The high cost of living and raising a baby in the city is frequently cited by couples from the former British colony. as one of the biggest obstacles when having children, according to the local press.
EFE
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