HONG
KONG GOVERNMENT
FISCAL POLICY
Table 1
FINANCIAL YEAR BEGINNING
HK$m.
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
(
197
LE
ITEM
Gross Consolidated a/c Revenue,
- Land sales Loans & Bonds
1960
43
2148
40
2558
121
3155 272
3640
5031
55 18
6239
7254
8342
11164
11 60
269
670
319
287
608
557
1825
Aified Government Revenue (t) 1917
2108
2437 2883
3371
4361
5199
5952
6646
7785
9339
10 72
+MTR
Gross Consolidated a/c Expenditure (c) 1849
(4)
1934
2105
2510
2967
4385
5374
6622
6575
7362
10239
1167
1413
Economic Surplus (b)-(c). (d)
(i) - (b)
68
174
332
373
404
-24
-175 -670
71
423
-900
-949
-340
=
Financial Surplus (a) - (c) = (e)
111
214
453
645
673
646
144 -383
679
980
925
GDP at current prices
(f) 12,411
13,356
15,791
18,670
20,976
24, 156
(2) c.30,680 35,252
37,268 47,329
54,444
63,50
9 =
d/f
%
0.5
1.3
21
2-0
1.9
-0.1
-0.6
-1.9
0.2
0.9
-1.7
-1.5
R =
jlf
%.
5-4
n
If
%%
०.१
1.6
2.9
3-5
3.2
2-7
0.5 -1.1
1.8
2.1
1.7
NOTES
(
(1) LE = Latest Estimate by HK Government (March 1978) (2) GDP in 1973 is average of two estimates for that year (3) Capital account only
(in "Estimates of KDP")
(Annex 9 to 78 Budget Speech)
(4) Expenditure by the Mass Transit Railway Corporation in 1978 is predicted to be $2455m