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 From Hong Kong's Information Services Department
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November 1, 2008
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Finance
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Investment spending unaffected by deficits
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Secretary for Financial Services & the Treasury Prof KC Chan has assured the Government will continue its investment commitment to the community for the long term amid concerns about budget deficits.

 

Speaking to reporters today Prof Chan said it is not the Government's objective or priority to maintain an absolutely zero deficit budget, but there are ways to achieve savings, like keeping some operating expenses in control.

 

"I think we should always save (resources) where we can and spend the money where it is necessary to promote economic growth. And we try to maintain a very good balance between the two objectives," he said.

 

On the Lehman minibonds issue, Prof Chan said the Government respects the Legislative Council's power to conduct an investigation and hearing, and will co-operate.