AT

GUNT

need, even without the decision to build the

airport, is to keep recurrent exnenditure growth to a reasonable level. This means

trolling the size of the civil service. and increasing productivity. It will nevertheless

still be possible to make some provision for new or improved services, partly by carrying out some existing activities more cost-effec-

tively.

CONCLUSION

19.

In sum, with careful financial

management, the major spending on the key airport projects can be managed whilst still keeping growth of public expenditure to a

reasonable level and giving the HKSAR Government a healthy financial position.

30 November 1990

Finance Branch

Government Secretariat

да зан

701/

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CONFIDENTIAL

-PT QA

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3900H 1009

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