20.
The revised estimate of expenditure on General Revenue -
Account of $44.5 billion, including transfers to funds, is close to
Our Expenditure on
三
the year.
various
cap the original estimate for
centfunds of $11.3 billion is about 5 above budget, due mainly to a purchase of quarters for the police Force which was not allowed for in the original Estimates. Therefore, spending in cash terms on per cent General Revenue Account and funds taken together is about 1 abovė
the original Estimates (7). Nevertheless, higher than expected
inflation means that
that 'real' expenditure growth for the year is, in
fact, slightly below the budgetted figure.
(7)
EXPENDITURE 1987-88 $@million
la
REVISED ESTIMATE ORIGINAL ESTIMATE
le
General Revenue Account
Less transfers to
Fundle
44,474 6,600
44,409 6,600
37,874
37,809
Capital Works Reserve Fund
7,700
7,050
Development Loan Fund
1,638
1,690
Home Ownership Fund
751
752
Mass Transit Fund
1,109
1,102
Student Loan Fund
93
103
Total
Ma
Funds
11,291
10,697
49,165
48,506
TOTAL GENERAL REVENUE
ACCOUNT + FUNDS
le (excluding transfers to Funds)
11
/21. In
ic.