CATAMO
1987 Budget
Summary of Main Points
Performance of the Economy in 1986.
1.
GDP growth rate in 1986 slightly below 9% (as opposed to 1 %
in 1985).
2.
Revival in economic activity. Domestic exports achieved an
overall growth rate of about 16%.
3.
imports
Growth rate for re-exports was about 14% and retained exports
13%. A virtual balance emerged on the visible trade account.
1987 Estimates and Prospects.
4.
GDP growth rate estimated at 6%.
Domestic exports expected to grow by about 7% and re-exports
by about 13%.
5.
6.
Capital investment expected to grow by just over 9%.
Total expenditure on General Revenue Account (GRA) estimated
at HK$44.4 billion. Total revenue on GRA estimated at HK$46.5
7.
billion.
8.
Inflation expected to rise slightly to 6%.
Main Budget Provisions
9.
HK$/US$ link to be maintained.
10.
Duty on motor spirit and diesel oils increased to maintain
1986 yields.