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8
In the
in the surplus on recurrent account being much less
than 60% of capital expenditure (Guideline (3)).
rather unlikely event of such a deficit emerging, our
reserves could absorb it.
However,
10. In terms of our guidelines, the likely outturn
figures for the current year are most satisfactory.
whilst recurrent expenditure will absorb slightly less than
80% of recurrent revenue (Guideline (2)) it is too high
relative to total expenditure (Guideline (4)).
(c)
Expenditure
11. The Draft Estimates for 1978-79 adequately provide
for the continuing implementation of all approved policies
and programmes (and, of course, our capital works programme)
and allow for such new recurrent services as:
Social welfare programmes (rehabilitation,
services for the elderly, youth services and
improved social security)
Increases in rates of public assistance
Free Junior secondary education
Reduced working hours for firemen
Increases in ex-gratia domestic removal allowances
Expansion of Hong Kong Regiment by one squadron
Award of costs in criminal cases in District Courts
and High Courts
Establishment of District Boards in the New Territories
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/ Increased