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WEDNESDAY, FEBRUARY 27, 1980
OVERALL, TAKING RECURRENT AND CAPITAL SUBVENTIONS TOGETHER, 17.4 PER CENT OF TOTAL EXPENDITURE ON GENERAL REVENUE ACCOUNT WILL BE DISBURSED BY SUBVENTED ORGANISATIONS.
THIS IS LESS THAN THE HISTORICAL RATIO OF 20 PER CENT BUT THE AVERAGE RATIO IN THE LAST TWO YEARS HAS BEEN 18.6 PER CENT ONLY BECAUSE OF THE LARGE INCREASES IN GOVERNMENT EXPENDITURE ON CAPITAL ACCOUNT AND NOT BECAUSE THE ROLE OF SUBVENTED ORGANISATIONS IN THE DISBURSEMENT OF PUBLIC FUNDS HAS DECLINED, HE SAID.
+AND, INCIDENTALLY, CONTRARY TO THE UNSUBSTANTIATED BEL IEF OF SOME COMMENTATORS, THE FINANCE BRANCH IS CONCERNED TO SEE THE VALUE-FOR-MONEY CRITERION OBSERVED BY SUBVENTED ORGANISATIONS- AND SO IS THE DIRECTOR OF AUDIT, HE ADDED.
ON THE PROPOSED PATTERN OF PUBLIC SECTOR EXPENDITURE
ON CONSOLIDATED ACCOUNT IN 1980-81, SIR PHILIP GAVE A RUN-DOWN AS FOLLOWS:
PERCENTAGE OF TOTAL
EXPENDITURE
HISTORICAL RATIO
BASED ON EX- PERIENCE IN 1970S
GENERAL SERVICES
14.8
16.7
(LAW AND ORDER AND
DEFENCE)
(11.7)
(12.8)
ECONOMIC SERVICES
8
8.5
COMMUNITY SERVICES
22
24
(TRANSPORT, ROADS
(12.8)
(10.7)
CIVIL ENGINEER ING
AND LAND)
SOCIAL SERVICES
(HOUSING)
44.3
(18.6)
41.3
(9.8)
HE SAID HOWEVER THAT HE WAS NOT ENTIRELY SATISFIED THAT THERE WAS SUFFICIENT EMPHASIS ON LAW AND ORDER AND DEFENCE AND OUR TRANSPORT INFRASTRUCTURE AND HE HOPED TO GET AN EARLIER THAN ENVISAGED START ON THE HONG KONG ISLAND EASTERN CORRIDOR.
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