23 +
4
5
6
7
8
9
NP 10
13
14
15
23±
11
12
16
17
18
24
25
26
27
28
29
30
* 2 2 2 2 * * * * ****** m
19
20
21
22
23
cap
31
NP
32
33
34
35
36
7
low income brackets could be seriously affected. Thirdly, in view of the medium ap range forecast by the Financial Secretary
=
the economic situation in Hong Kong is
much better than in most of our neigh- bouring countries and also taking into
account our surplus. Do the circum-
stances warrant it? Fourthly, the polit-
ical implication there from.
Varci
The increases in ad valereum rates for
liquor and duty raised on dutiable com-
modities show a trend that may encourage
the Financial Secretary to adjust the
ratio between direct and indirect tax,
so as to widen the tax net/ thereby reducing the chances of our revenue being so vulnerable to economic fluct- uations. I see no reason why not to accept this justification, but I
would like to remind my colleagues in
تر نمایات
this Council that the result of chang" ing to indirect tax will affect much more every structure in our society
л
will
than direct tax does. Any change with- out strong justification will only distress a wide section of the public.
Therefore, every move towards indirect tax should be very carefully consid- ered if social resentment and distress
is to be avoided.
The next topic, Sir, I would like to
discuss is medical services. I am pleased
The
A
to see that expenditure on medical
services is to be increased from $5,130
million to $6,107 million, approximate-
per cent
сар
ly 35 in real terms from 1987/88 to 91/92.