IS
DAILY INFORMATION BULLETIN
ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG. TEL.: 5-8428777
BUDGET SUPPLEMENT
WEDNESDAY, MARCH 1, 1989
CONTENTS
PAGE NO.
BUDGET A COMPLEX TASK, FS SAYS
INFLATION A MAIN PROBLEM
SIX PER CENT GDP GROWTH RATE PREDICTED
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MOVE TO HELP GROWTH OF DOLLAR PAPER MARKET
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$14.2 BILLION SURPLUS IN 1988-89 EXPECTED
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STEADY GROWTH WITHIN BUDGETARY GUIDELINES ESSENTIAL
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PROVISIONS FOR 3.9 PER CENT CIVIL SERVICE GROWTH
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SALES TAX COULD BRING SIGNIFICANT BENEFITS
RESERVES NOT A "POT OF GOLD'
SURPLUS FORECAST FOR 1989-90
REVENUE-RAISING MEASURES OUTLINED
INCREASES IN FEES, CHARGES TO YIELD $287 MILLION
CUTS IN PERSONAL TAXATION PROPOSED
REDUCTION IN PROFITS TAX TO 16.5% PROPOSED
INTEREST TAX TO BE ABOLISHED
IMPLEMENTATION OF REVENUE PROPOSALS
PROPOSALS ON SEPARATE TAXATION EXPECTED LATER THIS YEAR
BUDGET MEETS OUR CHALLENGES
FS'S SPEECH ON TV AND RADIO
BUDGET PRESL CONFERENCE
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≈ * 2 *
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2 2 1 on your
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