Second Reading of Bills
SUPPLEMENTARY APPROPRIATION (1987-1988) BILL 1988
THE FINANCIAL SECRETARY moved the Second Reading of: 'A Bill to approve a supplementary appropriation to the service of the financial year which ended on 31 March 1988'.
He said:
Sir,
I move that the Supplementary Appropriation
(1987-88) Bill 1988 be read the second time.
cap
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庶
에요
le
that "If
Section 9 of the Public Finance Ordinance states
If at the close of account for any financial year it
is found that expenditure charged to any head is in excess
of the sum appropriated for that head by an Appropriation
Ordinance, the excess shall be included in a Supplementary
Appropriation Bill which shall be introduced into the
Legislative Council as soon as practicable after the close
of the financial year to which the excess
relates.
expenditure
Siri
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he
he accounts for the financial
the financial year 1987-88 have S been finalized by the Director of Accounting Services.
$55.6 billion
Actual revenue amounted to $55,641 sm and total expenditure
$44 billion.
total
$11.6 billion amounted to $44822m The final surplus is thus $1,619.4m
$10.5 billion
as compared with an estimated surplus of $16,598m-mentioned
in my concluding speech in the Budget pebate last May.
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