IS
DAILY INFORMATION BULLETIN
ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG. TEL.: 5-8428777
BUDGET SUPPLEMENT
CONTENTS
GOVT DETERMINED TO CARRY OUT DEVELOPMENT PROGRAMME
PERIOD OF ECONOMIC CONSOLIDATION INEVITABLE
THREE PER CENT GROWTH IN GDP FORECAST
GOVT EXPENDITURE IN 1989-90 PUT AT $73.1 BILLION
GOVT MUST SEEK TO BROADEN REVENUE BASE
NEED TO TIGHTEN CONTROL, ENSURE VALUE FOR MONEY
COMING YEARS UNLIKELY TO BE AS FISCALLY COMFORTABLE
INVESTMENT FOR THE FUTURE
FS WILL AVOID HASTY DECISIONS ON WHOLESALE TAX
$800 MILLION IN DIRECT TAX CONCESSIONS
ADDITIONAL REVENUE FROM DUTIABLE COMMODITIES
INCREASED TAX RATES FOR PRIVATE CARS, GOODS VEHICLES
INCREASED BETTING TAX NEXT SEASON
INCREASE IN GENERAL RATES FOR PROPERTY
INCREASES IN VARIOUS FEES
CONCESSIONS IN PERSONAL TAXATION
DEPRECIATION ALLOWANCE ADJUSTED, EXEMPTION LEVEL RAISED
PUBLIC REVENUE PROTECTION ORDERS SIGNED
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PROPOSALS AIMED AT BUILDING SOLID FOUNDATION
FS'S SPEECH ON TV AND RADIO
BUDGET PRESS CONFERENCE
WEDNESDAY, MARCH 7,
1990
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