WEDNESDAY, MAY 9, 1990
THE
23
CAREFUL CONTROL OF CAPITAL WORKS EXPENDITURE
AND
OF THE PORT IMPLEMENTATION
AIRPORT INFRASTRUCTURAL DEVELOPMENT AND OTHER ESSENTIAL PROJECTS WILL MEAN THAT CAPITAL WORKS CONTROLLED, EXPENDITURE IN THE COMING
MUST BE CAREFULLY YEARS
PIERS MONITORED AND CONSTRAINED, THE FINANCIAL SECRETARY, THE HON SIR JACOBS, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
CONCLUDING THE BUDGET DEBATE, SIR PIERS NOTED THAT MANY MEMBERS DEVELOPMENTS VOICED SUPPORT FOR THE PORT AND AIRPORT INFRASTRUCTURAL AND RECOGNISED THEIR ROLE IN FACILITATING THE GROWTH OF THE ECONOMY.
"THE
OF IMPLEMENTATION
SUPPLY
SYSTEM,
THESE
OF
LANDFILLS
AND
OF
DEVELOPMENT INFRASTRUCTURAL
THE PUBLIC PROJECTS, PLUS ESSENTIAL PROJECTS IN OTHER AREAS SUCH AS HOUSING CONSTRUCTION AND SCHOOL BUILDING PROGRAMMES, THE EXPANSION
PROVISION THE
OTHER THE WATER
WILL MEAN PROJECTS,
CAPITAL THAT
WORKS ENVIRONMENTAL-RELATED
EVER MORE THAN
BEFORE, EXPENDITURE
THE COMING YEARS MUST BE, IN
APPROPRIATE," HE CAREFULLY CONTROLLED, MONITORED AND CONSTRAINED AS SAID.
ONCE COMMITTED EXPENDITURE PHASING OF
HOWEVER, UNLIKE RECURRENT EXPENDITURE, WHICH LOCKED THE GOVERNMENT INTO PERENNIAL EXPENDITURE, CAPITAL MUST BE CONSIDERED IN TERMS OF TOTAL COMMITMENT AND THE EXPENDITURE AGAINST THIS COMMITMENT, OVER TIME, HE SAID.
"THERE ARE WELL-ESTABLISHED MECHANISMS IN PLACE TO ACHIEVE CONTROL REQUIRED.
THE
"I REFER, OF COURSE, TO THE ANNUAL RESOURCE ALLOCATION EXERCISE ANNUAL REVIEW WHICH COVERS A FIVE-YEAR PLANNING PERIOD, TO THE
OF FINANCE UNDERTAKEN BY MEMBERS OF THE PUBLIC WORKS SUB-COMMITTEE
BY THE COMMITTEE, AND TO THE REGULAR SCRUTINY OF PROPOSED PROJECTS SAID COMMITTEE BEFORE REFERRAL TO FINANCE COMMITTEE FOR APPROVAL, ADDED.
4. HE
CIVIL SERVICE PAY AWARD PROVIDED FOR
THE GREATER
* *
PART OF THE PROVISION IN
SERVICE SERVICE
THIS YEAR'S RECURRENT ADDITIONAL COMMITMENTS SUBHEAD IN THE BUDGET IS FOR THE CIVIL PAY AWARD AND FOR THE STANDING COMMISSION'S REVIEW OF CIVIL GRADES, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
"IN ANSWER TO ONE MEMBER, THIS IS THE MAIN INCREASE OVER THE PREVIOUS YEAR, BUDGET DEBATE.
REASON FOR THE
|
HE SAID IN HIS SPEECH CONCLUDING THE
/THE PROVISION