2
4.
Public expenditure
growth
will
remain in line
This simple
with the trend rate of growth of GDP.
ple
guideline remains the cornerstone of the Hong Kong
Government's budgetary strategy.
5.
Recürrent expenditure will increase across the
full range of the Government's service programmes.
example, spending on:
education
(a)
$19
will increase by 13% to
[Our target is 15,000
billion.
first-year,
first degree
places by
For
1994-95.]
(b) social welfare will
increase
by 15% to
$7 billion. [Our target is to meet 80% of
demand for
institutional
care for the
elderly by
1995-96, and 60% of demand for
the mentally handicapped.]
(c) health
will
increase
by 27% to
$13 billion. [Our target is an extra 5,600
public hospital beds by 1995-96.]
£0'd
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