WEDNESDAY, JULY 3, 1991
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SUPPLEMENTARY APPROPRIATION (1990-91) BILL 1991 INTRODUCED
A BILL WHICH SEEKS TO GIVE FINAL LEGISLATIVE AUTHORITY FOR THE AMOUNT OF SUPPLEMENTARY PROVISION APPROVED IN RESPECT OF PARTICULAR HEADS OF EXPENDITURE BY THE FINANCE COMMITTEE OR UNDER POWERS DELEGATED BY IT WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
MOVING THE SECOND READING OF THE SUPPLEMENTARY APPROPRIATION (1990-91) BILL 1991, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, SAID THE ACCOUNTS FOR THE FINANCIAL YEAR 1990-91 HAD BREN FINALISED BY THE DIRECTOR OF ACCOUNTING SERVICES.
HE SAID THE EXPENDITURE CHARGED TO 64 HEADS OUT OF A TOTAL OF THR 75 HEADS WAS IN EXCESS OF THE SUM APPROPRIATED FOR THOSE HEADS BY APPROPRIATION ORDINANCE 1990.
HE ADDED THIS WAS BECAUSE SUFFICIENT OFFSETTING NOT BE FOUND WITHIN THE HEADS CONCERNED.
SAVINGS Coulb
SIR PIERS POINTED OUT THAT SECTION 9 OF THE PUBLIC FINANCE ORDINANCE STATED THAT "IF AT THE CLOSE OF ACCOUNT FOR ANY FINANCIAL YEAR IT IS FOUND THAT EXPENDITURE CHARGED TO ANY HEAD IS IN EXCESS OF THE SUM APPROPRIATED FOR THAT HEAD BY AN APPROPRIATION ORDINANCE, THE EXCESS SHALL BE INCLUDED IN A SUPPLEMENTARY APPROPRIATION BILL WHICH SHALL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL AS SOON AS PRACTICABLE AFTER THE CLOSE OF THE FINANCIAL YEAR TO WHICH THE EXCESS EXPENDITURE RELATES"
·
IN ACCORDANCE WITH THE SECTION, THE EXCESS HAD BEEN INCLUDED IN
THE BILL.
THE FINANCIAL SECRETARY NOTED THAT THE TOTAL NET SUPPLEMENTARY APPROPRIATION REQUIRED IN RESPECT OF THE 64 HEADS OF EXPENDITURE WAS $6,118.5 MILLION.
ON
"THIS EXCESS IS LARGELY ATTRIBUTABLE TO THE IMPLEMENTATION OF THE 1990 PAY ADJUSTMENT, THE RESTRUCTURING OF DIRECTORATE SALARY SCALES, THE SECOND AND THIRD REPORTS OF NON-DIRECTORATE SALARY STRUCTURE REVIEW AND THE RECOMMENDATIONS OF THE STANDING COMMITTEE DISCIPLINED SERVICES SALARIES AND CONDITIONS OF SERVICE IN RESPECT THE CIVIL SERVICE ($3,224.9 MILLION) AND GOVERNMENT SUBVENTED ORGANISATIONS ($2,163.8 MILLION)," HE SAID.
OF
OF THE OFFICERS AND THE AND THE
OTHER MAJOR CONTRIBUTING FACTORS INCLUDED THE PAYMENT REVISED HOME PURCHASE ALLOWANCE AND THE SPECIAL ALLOWANCE TO ELIGIBLE FOR ASSISTANCE UNDER THE HOME PURCHASE SCHEMB INTRODUCTION OF A NEW HOME FINANCING SCHEME ($366.3 MILLION) ESTABLISHMENT OF A NEW STUDENT FINANCIAL ASSISTANCE AGENCY AUGUST 1 LAST YEAR ($349.3 MILLION), HE ADDED.
THE FINANCIAL SECRETARY SAID THE COST OF THE 1990 ADJUSTMENT AND SALARY RESTRUCTURING HAD BEEN ANTICIPATED IN 1990-91 ESTIMATES UNDER THE "ADDITIONAL COMMITMENTS" SUBHEAD.
ON
PAY
THE
/"SAVINGS WERE