(c) Government Expenditure
8. In relation to the gross domestic product, Government consumption expenditure was fairly stable (at about 64%), in current price terms, in the period 1969 to 1973. But, as Table 4 shows, there was some tendency for the proportion for total Government expenditure (that is, including capital expenditure) to increase in this period.
Government Expenditure and the Gross Domestic Product, 1969–1973
Table 4
(current market prices)
Government
Gross
expenditure as
Government
domestic a % of gross
expenditure product
domestic
product
(HK$
(HK$
million)
million)
(%)
1969
1,961
15,352
12.8
1970
2,342
18,212
12.9
1971
2,727
20,320
13.4
1972
3,569
23,657*
15.1
1973
4,625†
28,335
16.3
* preliminary estimate.
† estimate, based on actual expenditure for first
ten months of the year and excluding funds voted for the Mass Transit Fund. † forecast.
3