APPENDICES
APPENDIX 9
(Chapter 5: The Economy)
Government Expenditure and the Economy
$ Million
Actual
Actual
Actual
Actual
Original Estimate
1985-86
1986-87
1987-88
1988-89
1989-90
Government Expenditure (see Appendix 8)
Operating Expenditure
30,328
33,704
36,319
42,035
51,144
Capital Expenditure
10,364
8,998
12,056
11,761
17,921
Total Government Expenditure
40,692
42,702
48,375
53,796
69,065
Less: Debt repayment
(48)
(64)
(405)
(1,000)
Equity injection in MTRC
(1,692)
(1,000)
(87)
Equity injection in
Housing Authority
(70)
(1,430)
Grants to Urban/
Regional Council
(98)
(110)
(273)
(273)
38,854
42,528
46,970
53,366
66,362
Add: Other public sector bodies
4,590
5,402
6,666
11,433
12,248
Total Consolidated Public Sector
Expenditure (Note 1)
43,444
47,930
53,636
64,799
78,610
Gross Domestic Product (calendar year)
261,195
300,818
369,275
431,605+
491,590
Growth in GDP
Money terms
5.0%
15.2%
22.8%
16.9%
13.9%
Real terms
-0.1%
11.9%
13.9%
7.2%
2.5%
Growth in Consolidated Public Sector
Expenditure
Money terms
8.9%
10.3%
11.9%
21.0%
19.9% #
Real terms
2.7%
2.6%
3.5%
7.7%
9.0% #
Consolidated Public Sector Expenditure as
percentage of GDP
16.6%
15.9%
14.5%
15.0%
16.0%
Note: 1. The consolidated public sector expenditure comprises expenditure by the Housing Authority, the Urban Council and from 1986-87, the Regional Council, expenditure financed by the Government's statutory funds and all expenditure charged to the General Revenue Account. Expenditure by institutions in the private or quasi-private sector is included to the extent of their subventions. The activities of government departments which are partly financed by charges raised on a commercial basis are also included (e.g. airport, waterworks). But not included is expenditure by those organisations, including even statutory organisations, in which the Government has only an equity position, such as the Mass Transit Railway Corporation and, post 1982-83, the Kowloon-Canton Railway Corporation. Similarly, debt repayments and equity payments are excluded as they do not reflect the actual consumption of resources by the Government.
+ Provisional estimate.
+ Preliminary estimate.
# Compared with 1988–89 Revised Estimates.
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