Capital Investment Fund (Equity Provision) HK$ bn
1992/93 MRF
1991/2 MRF
1991/2
2.
3
3. .5
1992/3
6.
1
4.9
1993/4
9.8
10.9
1994/5
7.8
12.6
1995/6
1.1
1996/7
1.1
total
28.2
31.9
Government Borrowing
16. The 1997 reserves projection of HK$ 76 bn incorporates the receipts of HK$ 4.8 bn debt issuance. Debt issues are HK$ 1.2bn 1991/92, HK$ 2.4 bn planned for 1992/93 and HK$ 1.2 bn in 1993/94. Thus by March 1994, Hong will effectively be at its debt ceiling.
Economic Advisers
11 March 1992