~
3
4
5
+ in 6
7 ∞
8
9
10
11
12
13
14
15
16
17
18
12
19
20
21
22
23
24
25
26.
27
2 2 2 2 2 4 2 2 2 2 27≈ 3* in
28
29
30 NP
31
32
33
3P 34
35
36
"
per cent
a
According to the Financial Secretary's estimate
per cent there will be a growth rate of 4 for the givil service in 1988/89. This is greatly in excess
per cent. of the targetted 2.5% We know that our targetted labour population growth rate would only be 1.4, so I am afraid the labour shortage to be faced by the Government and the private sector would only aggravate. This will certainly lead to dramatic increases in wages and in turn the inflation rate. Of course this will have have serious effects on production costs and efficiency. This is why I urge the Government most strongly to review our labour resources distribution as soon as possible so that we will be able to solve the problem of labour shortage now and hereafter. When the Financial Secret- ary commented on the imposition of revenue, he said that his aim is to benefit everyone in the community, in particular those in the middle-income group, and he would also like to provide assistance to people who are less well-off. That is why the Financial Secretary has made various proposals including the increase of personal tax, personal allowance, extra tax allowance for married women, the increase in child allowance and allowance for dependant parent, reduction of standard tax
per cent, rate to 15.5% and also introduction of a more
All these will benefit progressive tax system.
the salary earning class. Although the
Financial Secretary has not accepted the prop-
osal of separate taxation for couples, he
三
has already introduced the working wife allow-
I think this ance with a ceiling of $15,000.
is an acceptable compromise for the time
being.