le
SPEECH BY THE HONOURABLE THE FINANCIL SECRETARY
ÁN LEGISLATIVE COUNCIL: WEDNESDAY 18 MAY 1988
Address by Member presenting paper
Report of changes to the approved Estimates. of Expenditure approved during the third quarter of 1987-88 Public Finance Ordinance: section 8
FINANCIAL SECRETARY:
In accordance with section 8(8)(b) of the Public
Finance Ordinance, I now table for Members' information a
summary of all changes made to the approved estimates of
expenditure for the third quarter of the financial year
1987-88.
V/ic
7.
Supplementary provision of $549.9 million was
approved, of which $231.7 million was offset either by
savings under the same or other heads of expenditure or by
deletion of funds under the Additional Commitments
subheads. The balance of $318.2 million, being net
supplementary provision, was approved for the early
repayment in full of the four outstanding Asian
Development Bank loans.
کھ
Approved non-recurrent commitments were
increased by $325.6 million during the period, and new
non-recurrent commitments of $810.6 million were also
approved.
K.
In the same period, a net increase of 1,623
posts was approved.
5.
Sir
Items in the summary have been approved either A by Finance Committee or under delegated authority. The
latter have been reported to the Finance Committee in
accordance with section 8(8)(a) of the Public Finance
Ordinance.