7
.....
WEDNESDAY, MARCH 31, 1993
GOVT WILL DO EVERYTHING TO CONTAIN INFLATION: FS
THE
CONTAIN INVESTING PRODUCTIVITY.
AND
GOVERNMENT SHALL CONTINUE TO DO ALL THAT IS POSSIBLE
INCLUDING INFLATION,
CONTROLLING PUBLIC EXPENDITURE IN TRAINING AND RETRAINING, AND IN INCREASING
HEAVILY
ΤΟ
STATED BY THE FINANCIAL SECRETARY, THIS WAS MACLEOD, WHEN WINDING UP THE RESUMED BUDGET DEBATE IN THE COUNCIL TODAY (WEDNESDAY).
THE HON
HAMISH LEGISLATIVE
"LET THERE BE NO DOUBT ABOUT OUR COMMITMENT ΤΟ COMBAT
INFLATION.
"
BUT IT REMAINS TRUE THAT THE KEY CONSTRAINTS ARE THE SUPPLY LAND AND LABOUR, HE SAID.
OF
"NEITHER ARE BASY TO RESOLVE.
THE
LABOUR
IS A DIFFICULT ISSUE SUPPLY HANDLED SENSITIVELY AND CAREFULLY.
WHICH
NEEDS
то
BE
MR
THAT
MACLEOD
THIS
NOTED COMMENTS ON THE RETRAINING SCHEME,
AND MUST BE KEPT CLOSELY MONITORED
AND HE
FINE-TUNED AS
AGREED NECESSARY.
"WE
ΤΟ
ALSO,
OUR HAD A
CONTINUE AS SOME MEMBERS POINTED OUT, NEED TO
PRODUCTIVITY INCREASE
WHICH HAVE EFFORTS
EFFORTS CONSIDERABLE DEGREE OF SUCCESS.'
+
-
THE
GENERAL LABOUR IMPORTATION SCHEME IS MODEST BY
COMPARISON
WITH THOSE IN OTHER BOOMING ASIAN ECONOMIES.
"WE HAVE TO EXPLORE WAYS OF RELIEVING THIS CONSTRAINT WHILST AT THE SAME TIME BEING FAIR TO OUR OWN EXISTING LABOUR FORCE.”
AGREED
SO FAR AS LAND SUPPLY IS CONCERNED, MR MACLEOD SAID HE WITH MEMBERS THAT EFFORTS SHOULD BE MAINTAINED TO EASE THE SITUATION.
RESIDENTIAL
IN RESPECT ENCOURAGING IN THE INCREASING.
OF PRIVATE
SENSE THAT THE SUPPLY COMING ON
ARE PROSPECTS FLATS,
THE MARKET IS
THE NUMBER OF VACANT FLATS UP TO THE END OF 1992 JS ESTIMATED TO BE ABOUT 34,000, AND THE NUMBER OF UNITS TO BE COMPLETED AND 1994 IS ESTIMATED TO BE ABOUT 37,000 AND 38,000 RESPECTIVELY.
IN
1993
THESE FIGURES COMPARE WITH THE AVERAGE ANNUAL TAKE-UP OF 26,000 FLATS OVER THE PAST THREE YEARS.
ONLY
"WE MUST CONTINUE TO DISCOURAGE SPECULATION IN SUCH FLATS, I BELIEVE THAT THE TWO MEASURKS OF INTRODUCING STAMP DUTY AND OF BANKS RESTRICTING LENDING TO 70% OF THE VALUE HAVE BEEN HELPFUL.
VERY CONSCIOUS OF THE CONCERNS OF MEMBERS OVER THIS IMPORTANT ISSUE, AND WE SHALL KEEP IT
THE FINANCIAL SECRETARY SAID.
"I AM
PUBLIC KKVJEW,
AND
THE
AND OF THE UNDER CLOSE
/ON THE