14-OCT-1992 12:06
FB GS
+ 852 868 5279
P.33
The difference
between
the
ceiling
Paper 5 (P. 5 of 6)
for recurrent
expenditure and "baseline" spending represents the amount that can be distributed for new services and improvements to existing services.
14..
оп
For capital expenditure, the difference between the expenditure ceiling and forecast expenditure committed projects represents the amount of funds that can be allocated to new capital projects.
15.
Branch In parallel,
Secretaries are asked to submit prioritised spending proposals in their programme areas. These bids, taken together with the views of the Legislative and Executive Councils, are considered by the "Star Chamber" (a committee comprising the Chief Secretary, the Financial Secretary, the Secretary for the Civil Service and the Secretary for the Treasury).
16.
to
Recurrent Expenditure
Decisions are then taken to allocate global sums
areas individual Secretaries for their programme
in
of
respect
the next financial year, together
indicative levels of
levels - of spending for the following
forecast years.
with
three
17.
to
Following the receipt of these global would inform those Heads of
Secretaries
sub-allocate
individual
of
allocations, Departments who are accountable to them of their decisions
funds
Heads as between Expenditure. Thus the process of drawing up the draft annual Estimates of Expenditure on Recurrent Account, which forms a part of the Appropriation Bill, is largely a matter of fine tuning.