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THE LEGISLATIVE COUNCIL SITTING ON

-20 21 April 1988-

HE: Good Afternoon I should like to start by welcoming Members back

after the Easter break. I am sure that Council would also wish to congratulate the Senior Member on her Easter activities.

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"Papers".

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CLERK:

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HE:

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"In accordance with Standing Order 14(2), I lay on the table

the papers listed in the Order Paper."

"Bill: Second reading."

"In accordance with Standing Order 54 (2) we will now resume the debate on the APPROPRIATION BILL 1988. The motion before the Council is that the bill be read the second time. Miss Lydia DUINN "

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Miss DUNN: Sir, the Financial Secretary closed his budget speech with some lines from T. S. Eliot: The end is where we start from". I am, of course, glad that we start next year with reductions in direct taxation, but the beginning of his speech provides me the point from which I shall start this Debate. There he shows concern about the impact of external events, the

I shall 7 overheating of our economy, and the prospects for future growth. therefore, give my main comments on the Budget in the context of the medium range forecast.

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Before doing so, I should like to say a few words about the budget

documents and the proposed 'tax concessions. The Financial Secretary is to

be commended on the continued improvement in the content and presentation

of the budget document, a task he initiated when he took over as

Financial Secretary. I should also like to extend my congratulations

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to the army of backfroom boys and girls who cheerfully worked long hours to produce all of this informations and whose labours have recently been increased by the requirement to improve and amplify the information we are given. However, as the quantity of information presented to us increases, and that has been one of the effects of the improvements

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