+
2
1
WEDNESDAY, OCTOBER 7, 1987
SIR DAVID SAID IT ALSO MEANT THAT THE PUBLIC FINANCES HAD BEEN
THE DOING WELL.
BUDGET SURPLUS WOULD BE BIGGER THAN PREVIOUSLY EXPECTED, EVEN THOUGH WE ARE SPENDING MORE THAN EVER BEFORE ON PUBLIC SERVICES AND PROGRAMMES.
COMPETITIVENESS HONG KONG MUST ALSO MAINTAIN THE
OF ITS OWN
AGAINST INFLATION EXPORTS AND GUARD
SIR AND PROTECTIONISM. ΤΟ THE SAID THAT DURING HIS COMING VISIT
HE STATES, PROTECTIONISM STRESS AGAIN. THE DAMAGE THAT ECONOMY.
DAVID
UNITED COULD
WOULD
DO TO
THE
WORLD
PROSPERITY BROUGHT WITH
IT AN
UNDERSTANDABLE DEMAND FOR A
BETTER STANDARD OF LIVING. MUCH HAD BEEN DONE IN TERMS OF QUANTITY, AND NOW IT WAS TIME TO LOOK TO QUALITY, SAID SIR DAVID.
EDUCATION,
BETTER THUS THERE WERE DEMANDS FOR BETTER HOUSING,
BETTER RECREATIONAL BETTER HEALTH CARE,
FACILITIES, AND A BETTER
ENVIRONMENT.
STRESSED HOWEVER, THE GOVERNOR
THE NEED FOR PRUDENCE EVEN THOUGH HONG KONG WAS NOW BETTER OFF THAN AT ANY TIME IN ITS HISTORY.
IN TIMES LIKE THE PRESENT, WHEN THE ECONOMY IS BOOMING, MONEY MUST BE SET ASIDE TO HELP MAINTAIN SERVICES IN TIMES SO GOOD, HE POINTED OUT.
WHICH
WERE NOT
HAD IT WAS WORTH REMEMBERING THAT HONG KONG'S RESERVES
TO BE USED TO KEEP UP PREVIOUS LEVELS OF SPENDING DURING THE DEFICIT YEARS OF 1982 TO 1985.
WITHIN THIS PRUDENT FRAMEWORK, THE GOVERNMENT'S AMBITIOUS ACROSS THE WHOLE FIELD OF PUBLIC EXPENDITURE.
PLANS WERE
SIR DAVID THEN DESCRIBED THE SPENDING THAT THE HEALTHY STATE
OF PUBLIC FINANCE WOULD ALLOW.
IN EDUCATION, MORE PLACES WOULD BE PROVIDED IN SENIOR SECONDARY FORMS AND IN TECHNICAL INSTITUTES.
THE NUMBER ...