APPENDICES
APPENDIX 9
(Chapter 5: The Economy)
Government Expenditure and the Economy
$ Million
Original
Actual
Actual
Actual
Actual
Estimate
1986-87
1987-88
1988-89
1989-90
1990-91
Government Expenditure (see Appendix 10)
Operating Expenditure
33,704
36,319
42,035
50,106
63,940
Less: Grant to Urban Council
(7)
Grant to Regional Council
(103)
(273)
(273)
(270)
33,594
36,319
41,762
49,833
63,670
Capital Expenditure
8,998
12,056
11,761
21,260
27,040
Less: Debt repayment
(64)
(405)
(1,000)
Equity injection in MTRC
(1,000)
(87)
(87)
(90)
Equity injection in
Housing Authority
(70)
(2,200)
(4,000)
8,934
10,651
11,604
17,973
22,950
Total Government Expenditure
42,528
46,970
53,366
67,806
86,620
Add: Other public sector bodies
5,402
6,666
11,433
14,139
17,020
Total Consolidated Public Sector
Expenditure (Note 1)
47,930
53,636
64,799
81,945
103,640
Gross Domestic Product (GDP) at
current market prices (calendar year)
300,818
369,275
423,023
490,811†
546,058
Growth in GDP:
Nominal terms
15.2%
22.8%
17.5%
13.1%
11.3%
Real terms
11.9%
13.9%
7.9%
2.3%
2.4%
Growth in Consolidated Public Sector
Expenditure:
Nominal terms
10.3%
11.9%
20.8%
26.5%
24.0% #
Real terms
2.6%
3.5%
7.8%
10.8%
9.4% #
Consolidated Public Sector Expenditure as
percentage of GDP
15.9%
14.5%
14.9%
16.7%
19.0%
412
Note:
I. The consolidated public sector expenditure comprises expenditure by the Housing Authority, the Urban Council, 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 1989-90 Revised Estimates.