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FRIDAY, JULY 31, 1992
FINAL ACCOUNTS FOR 1991-92 PUBLISHED
THE GOVERNMENT'S FINAL ACCOUNTS FOR THE FINANCIAL YEAR 1991-92, WHICH ENDED ON MARCH 31, 1992, WAS PUBLISHED TODAY (FRIDAY) IN THE GAZETTE, A GOVERNMENT SPOKESMAN SAID.
TOTAL REVENUE FOR THE YEAR WAS $114.7 BILLION, COMPARED TO THE REVISED ESTIMATE OF $112 BILLION GIVEN IN THE 1992 BUDGET SPEECH.
TOTAL EXPENDITURE FROM THE GENERAL REVENUE ACCOUNT, THE CAPITAL WORKS RESERVE FUND (WORKS ACCOUNT), THE LOAN FUND AND THE CAPITAL INVESTMENT FUND WAS $92.2 BILLION COMPARED WITH A REVISED ESTIMATE OF $96.7 BILLION.
"THE ADDITIONAL REVENUE OF $2.7 BILLION, JUST OVER 2 PER CENT OF THE REVISED ESTIMATE, REFLECTS THE BUOYANT ACTIVITY IN CERTAIN SECTORS OF THE ECONOMY IN THE LAST QUARTER OF 1991-92, THE SPOKESMAN SAID.
"THE UNDERSPENDING IS MAINLY ATTRIBUTABLE TO SLIPPAGE IN EXPENDITURE ON CAPITAL WORKS AND LAND ACQUISITION; MUCH OF THIS EXPENDITURE WILL FALL TO BE MET IN THE CURRENT FINANCIAL YEAR, " HE
SAID.
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IT IS NOT UNUSUAL FOR PAYMENTS ON CAPITAL WORKS TO SLIP; THE HIGHER THAN NORMAL LEVELS OF RAINFALL IN THE LAST TWO MONTHS OF THE FINANCIAL YEAR BEING A CONTRIBUTORY FACTOR," THE SPOKESMAN SAID.
AS A RESULT OF THE VARIATIONS IN REVENUE AND EXPENDITURE, THE OVERALL SURPLUS FOR 1991-92 WAS ABOUT $22.5 BILLION. THIS BRINGS THE TOTAL FISCAL RESERVES TO $99 BILLION AT MARCH 31, 1992.
VIEWS SOUGHT ON ANTI-SMOKING PROPOSALS
THE GOVERNMENT WILL LAUNCH A THREE-MONTH CONSULTATION EXERCISE STARTING TOMORROW (SATURDAY) TO SEEK PUBLIC VIEWS ON PROPOSALS TO FURTHER RESTRICT THE USE, SALE AND PROMOTION OF TOBACCO PRODUCTS.
ANNOUNCING THIS AT A PRESS CONFERENCE TODAY, A PRINCIPAL ASSISTANT SECRETARY FOR HEALTH AND WELFARE, MR DEREK GOULD, SAID THE PROPOSALS CONTAINED IN A CONSULTATION PAPER INCLUDE BANNING THE SALE OF TOBACCO PRODUCTS TO MINORS AND PROHIBITION OF TOBACCO ADVERTISING IN PRINTED PUBLICATIONS, AND FOR DISPLAY ON BILLBOARDS AND SIGNS.
"THE GOVERNMENT HAS SINCE 1975 ADOPTED A POLICY OF DISCOURAGING SMOKING, PARTICULARLY AMONG THE YOUNG, AND EDUCATING THE PUBLIC ON THE HEALTH RISKS OF SMOKING, MR GOULD SAID,
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"THE APPROACH IS PRAGMATIC, PROGRESSIVE AND THREE-PRONGED: THROUGH PREVENTION, LEGISLATION AND EDUCATION.
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/IN JANUARY