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7

SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN

LEGISLATIVE COUNCIL ON WEDNESDAY 9 MARCH 1988

FINANCIAL SECRETARY:

Sir,

In accordance

with section 8 (8) (b)

of the

Public Finance Ordinance,

I now table for Members'

information a summary of all changes made to the approved

estimates of expenditure for the second

second quarter of the

financial year 1987-88.

پور

approved.

Supplementary provision of

of $149.1 million was

It was fully offset either by

either by savings

savings under

the same head of expenditure or by the deletion of funds

under the additional commitments subheads.

ہو

Approved

non-recurrent

commitments

were

increased by $199.6 million during the period, and new

non-recurrent commitments of $121.2 million were also

approved.

A.

In the same period, a net increase of 1 412

posts were approved.

Items in the summary have been approved either

by Finance Committee or under delegated authority. The

latter have been reported to the Finance Committee in

accordance with section 8(8)(a) of the Public Finance

Ordinance.

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