carefully
controlled.
quarter of our
We
will be devoting only about a
spending over the next few
public works
years to the Airport Projects. The other 75% of our public
works spending will be devoted to providing the buildings,
the roads, the environment-related schemes which Hong Kong
needs to upgrade the quality of life quite separately from
the airport.
6.
our
We are
determined to press ahead with improving
We must continue to invest in our
on-going programmes.
As a result, the Government has substantial
It is only sensible that we should set aside
future.
commitments.
adequate
reserves
uncertainties♬
So,
$5.1 billion in
$2.4 billion to be
increase our fiscal
as
a cushion against future
I have budgeted for a surplus of
the coming year which, with the
raised by our bond programme, vill
reserves to around $99 billion by the
And our projections show we should
billion reserves by 1997. I think
end of March 1993.
still have around $70
this is the right level of insurance which Hong Kong needs
in an uncertain world.
7.
I
1
would now like to explain my revenue
proposals.
course.
I have had to look for additional revenue of
But I have also had wider aims. I want to avoid
And, through tax concessions to
adding to inflation.
reduce the tax burden on a broad section of the community.
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