24.
As a consequence of the gains in our revenue yields,
I now expect a much higher than budgetted surplus on General
Revenue Account of some $6.1 billion. When combined with our
fund accounts, the surplus becomes $7.6 billion (11).
Substantial as this surplus may seem, it must be remembered that
it is the product of two years of exceptional economic
performance.
(11)
SURPLUS/(DEFICIT) 1987-88 $M
REVISED ESTIMATE
ORIGINAL
ESTIMATE
BEFORE
TRANSFERS
TRANSFERS
AFTER TRANSFERS
(AFTER TRANSFERS)
General Revenue Account
12,690
(6,600)
6,090
1,768
Capital Works Reserve Fund
(4,320)
5,080
760
250
Development Loan Fund
(871)
1,000
129
(55)
Home Ownership Fund
1,200
1,200
1,045
Mass Transit Fund
(1,109)
500
(609)
(602)
Student Loan Fund
(17)
20
3
(7)
Total Funds
(5,117)
6,600
1,483
631
TOTAL GENERAL REVENUE
7,573
7,573
2,399
ACCOUNT + FUNDS
/ECONOMIC
...
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