As to my strategy reflected
in the Medium Range
She
Forecast, Miss Dunn pointed to a number of
a number of warning signs.
referred specifically to the assumption on inflation over the forecast period and I have already indicated why we trend assumption. Nevertheless, in producing
a its sensitivity to
5.5 1242 cent
have
tested
are using a the Medium
range of
Range Forecast, inflation assumptions. These tests
tests indicate that government's overall financial position is not significantly affected changes in the rate of inflation.
is cap
p
by
Miss Dunn supports a revenue-led budget.
revenue-led budget. I certainly like to
support the concept of living within our means. However, if we have to describe the budget as being led by anything, I would prefer to talk in terms of its being led by underlying trends in our economic growth.
Isc 29.
our
Conrad
Lam and
Several Members, and Dr.
to
resource planning and
This
is
on
Mr. Ngai Shiu-kit in particular, touched on the need to develop
allocation. for systems indeed something to which we have been paying: considerable
Our aim attention.
is
that to develop systems
focus
significant issues without becoming involved in a bureaucratic
We paper-chase.
are making progress and further developments
taking place
budgetary cycle
commenced for 1989-90.
are
in the
that has
already
the public. It is true
for
that existing
A number of Members, including Mr. F. K. Hu, have
referred to the growing use of statutory authorities providing services to
authorities have tended to
to be developed on an ad hoc basis. Work has been initiated within the Administration to define an overall framework within which the Government will exercise its continuing policy and financial interest in these authorities.
8
00
/21.