“We will continue to spend boldly to help those disadvantaged,” Chan said in an interview. “Given the large amount of fiscal surplus we’ve accumulated over the years I do think we have the capability and financial resources to help us come through this economic recession,” he said.
(Jan 10): Hong Kong’s government is preparing to spend “boldly” to shore up the finance hub’s tumbling economy, Financial Secretary Paul Chan said in an exclusive interview.
Warning that unemployment is set to edge higher, Chan pledged the annual budget due on Feb 26 will maintain spending on infrastructure and public services even as it includes additional stimulus.
