14-OCT-1992 12:03
FB GS
+ 852 868 5279
P.32
(a) the assumed trend growth rate in the
economy;
Paper 5 (P. 3076)
(b)
the trend inflation rate;
(c) committed
recurrent
and
capital
expenditure
in various programme
areas;
(d)
"
the overall permitted growth rates of recurrent and capital expenditure;
(e)
the
level and
timing
investments to be a made-
Capital Investment Fund;
of
equity
from
the
(£) the medium term forecast of earnings
on reserve balances; and
9.
(g)
the trend revenue
Kelds.
The forecast allows us to assess the impact of our spending plans against our budgetary guidelines and to consider the extent of any revenue-raising measures which may be required or concessions which can be afforded.
10.
In addition, it allows us to test the sensitivity of our projections to changes in the forecasts/assumptions about such factors as GDP growth and
inflation.