Wednesday, February 27, 1974
G
RECORD SPENDING ON COMMUNITY PROJECTS IN 1974/75
Total Estimated Budget Expenditure Tops $6,000 Million
Government spending from General Revenue on social, community
the highest in Hong
and other services for the people of Hong Kong in the coming financial
year will amount to an estimated $5,747 million Kong's history. This represents an increase of $1,338 million or 30 per
cent over the original estimate for 1973/74.
both
In addition, the Housing Authority and the Urban Council --
of which are financially autonomous -- will spend another $324 million,
bringing the total estimated expenditure on public projects in 1974/75
to $6,071 million.
The money will be spread out over six main groups of services,
all reflecting hefty increases (see appendix IX of draft Estimates).
Topping the expenditure list, as in previous years, is the
Social Services group which comprises education, medical and health, housing,
social welfare, and labour.
A total of $2,367 million -- representing nearly 40 per cent
of total expenditure
towards education.
will be channelled into these areas, most of it
Compared to the original 1973/74 estimate, this
represents an increase of $716 million.
/The breakdown