No extra handouts: finance supremo

The territory's well-tried formula for success would be eroded if the Government constantly offered financial subsidies and favourable terms at the expense of taxpayers, the Financial Secretary warned yesterday.

Defending the dearth of new spending to stimulate the economy in the Policy Address, Donald Tsang Yam-kuen said it was more important for the Government to be prudent in handling public wealth during bad times.

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