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zp
6
7
P
ندم
8
9
10
11
12
13
14.
15
16
17
18
19
220
21
22
23
24.
25
26
27
28
29
30
31
32
33
34
35
-HIS EXCELLENCY.
MR. CHAM:
Sir,
Kim CHÀM
Having gone through two lengthy Special
Finance Committee Meetings to examine the draft estimates, I must congratulate the Financial Secretary for the improvement, in
the presentation of the draft estimates.
=
三
The objectives are clearly identified with the related expenditure and activities. Hence, Government Departments will have their targets clearly specified for the coming year together with the budgeted
expenditure.
(2)
This is indeed a great improvement from the
past. When developed properly, this can be a powerful management tool for Government Departments. In the coming year, we shall
be able to assess the achievements of each
pepartment and the accomplishment of pepartment Heads in meeting their specific targets. It is an encouraging sign that management tools are introduced into Gov-
erment by the Financial Secretary. On the question of separate taxation for married women, I agree that in terms of equality, separate taxation is an important principle which should be introduced into
our tax regime. On the other hand, one must recognise that there will be important questions of principle to be laid down which will form an indispensible part of the basis of the separate taxation.
The taxation panel under the able Chairmanship of Mr.
Peter Poon has offered to assist the
Administration in assessing and analysing
36
cap Cap