436
=
APPENDICES
APPENDIX 9
(Chapter 5: The Economy)
Government Expenditure and the Economy
$ Million
Revised
Actual
Actual
Actual
Actual
Estimate
1991-92
1992-93
1993-94
1994-95
1995-96
Government Expenditure (see Appendix 10)
Operating Expenditure
71,677
85,024_-
96,958
106,620
122,818
Less grant to Lotteries Fund
(2,300)
grant to Regional Council
71,677
82,724
96,958
106,620
122,818
Capital Expenditure
Less debt repayment
18,720
22,247
38,246
38,950
38,823
(1,200)
(2,400)
18,720
22,247
37,046
36,550
38,823
Total Government Expenditure
90,397
104,971
134,004
143,170
161,641
Add other public sector bodies
18,025
18,522
21,203
22,780
33,604
-Total Public Expenditure (1)
108,422
123,493
155,207
165,950
195,245
-
Gross Domestic Product (GDP) at
current market prices (calendar year)
668,512
779,335
897,463
1,016,567*
1,111,391*
Growth in GDP:
Nominal terms
14.8%
16.6%
15.2%
13.3%*
9.3%*
Real terms
5.1%
6.3%
6.1%
5.4%*
4.6%*
Growth in Public Expenditure:
Nominal terms
13.9%
13.9%
25.7%
6.9%
17.7%*
Real terms
3.3%
3.7%
15.2%
-2.2%
8.3%*
Public Expenditure as percentage of GDP
16.2%
15.8%
17.3%
16.3%
17.6%*
い
Notes: (1) The public expenditure comprises expenditure by the trading funds, the Housing Authority, the Urban Council and the Regional Council, and 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 payments of government departments which are wholly or 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 statutory organisations, in which the Government has only an equity position, such as the Mass Transit Railway Corporation and the Kowloon-Canton Railway Corporation. Similarly, equity payments are excluded as they do not reflect the actual consumption of resources by the Government.
* The estimates are subject to revisions later on as more data become available.