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11.2.87
Home Ownership Scheme. The estimated revenue for 1987-88
is $4.7 billion compared with a revised estimate for the
current year of $4.8 billion.
88.
The overall situation of the funds after making
the transfers from General Revenue Account is an estimated
small increase in their balances of $0.6 billion or about
5% of their current levels. This will maintain the real
value of these balances. We need sufficient in the funds
bearing in mind the boost that I am proposing in capital
spending and its longer term impact on cash flow.
89.
Taking the General Revenue Account surplus and
growth in fund balances together gives an estimated
overall surplus for the year of $2.4 billion.
PROGRAMMES AND POLICIES
90.
The
Having outlined the total budgetary position, I
shall now comment on some of the major programmes and
policies on which expenditure estimates are founded.
consolidated account expenditure in 1987-88, which
includes the expenditure of the Housing Authority and
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