54
THE ECONOMY
Among all the components of goods and services included in the Consumer Price Index (A), alcoholic drinks and tobacco, services, and miscellaneous goods recorded the most rapid rates of price increase during the year. Their respective increases were 63 per cent, 16 per cent and 15 per cent. While together they account for 35 per cent of the overall increase in the Consumer Price Index (A) during 1983, another 37 per cent was due to the foodstuffs component by virtue of its large weighting in the overall index.
Expenditure on the General Revenue Account in 1982-3 and 1983-4
In the financial year 1982-3, total expenditure on the General Revenue Account was $34,598 million, comprising recurrent expenditure of $20,499 million and capital expen- diture of $14,099 million. Estimated expenditure in 1983-4 is $35,475 million comprising recurrent expenditure of $23,808 million and capital expenditure of $11,667 million. In 1982-3 there was a deficit of $3,500 million, and for 1983-4 a deficit of $3,205 million was anticipated in the Budget. Detailed breakdowns of revenue by source are given at Appendices 7 and 7a, and of expenditure by function at Appendices 8 and 8a. A comparative statement of recurrent and capital revenue and expenditure is given at Appendix 9. At March 31, 1983, the accumulated reserves stood at about $19,071 million. At the same date the public debt amounted to $312 million.
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