Y E
SECRET
HONG KONG BUDGET 1978/79: A PREVIEW
W7
1977-78 Outturn
1.
The Approved Estimates for this year envisage
a surplus of $30 million only:
Revenue:
Recurrent
Capital
Expenditure:
Recurrent
Capital
Surplus on recurrent account
Deficit on capital account
... Overall surplus
$M
$M
7,339
936
8,275
6, 236
2,009
8, 245
1,103
1,073
30
2.
On the basis of a projection from the accounts
for the first nine months to 31st December, we shall
do distinctly better than this (and better than my
18th November guess):
SECRET
/ $M