11.2.87
Other Services
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99.
Other than those programme areas I have
specifically mentioned, I draw attention to a major
capital project due to start in 1987-88. This is Phase IV
of the New Territories Circular Road, between Fairview
Park and Au Tau. Also, spending on environmental
protection will receive a boost with the implementation of
control measures in connection with agricultural waste and
air quality.
REVENUE MEASURES
100.
Sir, I have described the context within which
the revenue measures for 1987-88 have been considered. I
shall now give details. In some cases, my proposals will
have a greater effect beyond 1987-88 and I shall indicate
this where appropriate.
101.
Overall, the package is made up of a number of
revenue raising measures designed to yield $365 million in
1987-88 rising to $405 million thereafter.
But this
additional revenue is more than offset by tax concessions
estimated to cost $690 million in 1987-88 and
$1,095 million in a full year (34).
(34)
Details can be found in Appendix E.
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