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WEDNESDAY, JANUARY 24, 1979
SUPPLEMENTARY APPROPRIATION (1977-78) BILL 1979
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THE SUPPLEMENTARY APPROPRIATION (1977-78) BILL 1979 WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) TO PROVIDE FOR THE APPROPRIATION OF $1,164 MILLION FOR THE 1977-78 FINANCIAL YEAR IN ADDITION TO THE SUM APPROPRIATED BY THE APPROPRIATION ORDINANCE 1977.
MOVING THE SECOND READING OF THE BILL, THE FINANCIAL SECRETARY, THE HON. PHILIP HADDON-CAVE, SAID THE BILL SOUGHT TO GIVE FINAL LEGISLATIVE AUTHORITY TO THE SUPPLEMENTARY EXPENDITURE AUTHORISED BY RESOLUTIONS OF THE COUNCIL, AND WAS THE LAST STAGE IN DISPOSING OF EXPENDITURE INCURRED DURING THE FINANCIAL YEAR 1977-78.
+ IT ALSO SEEKS AN APPROPRIATION TO MEET EXPENDITURE INCURRED BY DEPARTMENTS WHERE RECEIPTS APPROPRIATED-IN-AID FELL SHORT OF THE SUMS ORIGINALLY ESTIMATED, HE SAID.
THE FINANCIAL SECRETARY SAID THE ORIGINAL ESTIMATES WERE GIVEN LEGISLATIVE FORM IN THE APPROPRIATION ORDINANCE 1977, WHICH AUTHORISED A SPECIFIC SUM UNDER EACH HEAD OF EXPENDITURE.
+IT IS NECESSARY NOW TO LEGISLATE FURTHER IN RESPECT OF THOSE HEADS OF EXPENDITURE WHERE THE NET EFFECT OF SUPPLEMENTARY PROVISIONS, SHORTFALLS IN RECEIPTS APPROPRIATED-IN-AID AND UNDER- SPENDING HAS RESULTED IN AN EXCESS OVER THE NET SUM APPROPRIATED IN THE APPROPRIATION ORDINANCE 1977.
+THE TOTAL SUPPLEMENTARY APPROPRIATION REQUIRED IS $1,164 MILLION UNDER 24 HEADS AS AGAINST SAVINGS OF $349 MILLION UNDER VARIOUS OTHER HEADS, MR. HADDON-CAVE SAID.
DEBATE ON THE BILL WAS ADJOURNED.
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