11.2.87
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59.
Of less long term significance, there have been
some early repayments of debts due to Government amounting
to a total of $0.9 billion. About half of this is due to
repayment of the remaining KCR debt, which was referred to
as a possibility in last year's budget (17).
Jû.
Variance from estimates in other revenue areas
is relatively minor, and the items largely offset each
other. Overall, revenue is now forecast to be some
$4 billion higher than previously expected representing a
gain of 8% excluding the early debt repayments, or 10% if
they are taken into account.
61.
Net transfers to funds have increased by
$1.3 billion due partly to the transfer to the Mass
Transit Fund of that exceptional loan repayment made by
KCR, to which I have already referred. Furthermore, in
the light of the improving overall situation, it has not
been necessary to transfer surplus funds back to General
Revenue Account from the Home Ownership Fund as originally
intended.
(17)
1986 Budget Speech, paragraph 76.
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