MONDAY, MAY 9, 1994
11
AN
ADDITIONAL MR YOUNG SAID THE ITDC HAS ALSO DECIDED TO PASS
TO THE RELEVANT EIGHT PROJECTS, EACH COSTING LESS THAN $1 MILLION,
THESE PROJECTS COULD BE CONSIDERATION. COMMITTEES OF THE ITDC FOR FUNDED FROM THE $30 MILLION SET ASIDE FOR THE COMMITTEES.
NOTING THAT THERE
WAS
MILLION
UNCOMMITTED
PVC
WOULD
SOON
ABOUT STILL
$10 MR YOUNG SAID THE FUNDS FOR THIS FINANCIAL YEAR, CONSIDER SOME APPLICATIONS IN THE BORDERLINE CATEGORY.
OF ANY FUNDS WHICH REMAINED UNCOMMITTED AFTER THE SECOND ROUND
PURPOSES OR WOULD VETTING WOULD BE RESERVED FOR CONTINGENCY
THE ITDC FUNDS OF SET ASIDE
WHERE SUPPLEMENT, COMMITTEES, HE SAID.
THE NECESSARY,
—
GDP FOR THE FOURTH QUARTER OF 1993
IN THE
KONG'S GROSS DOMESTIC SAME QUARTER IN THE CENSUS
QUARTER OF 1993, HONG FOURTH PRODUCT (GDP) GREW BY 5.5% IN REAL TERMS OVER THE 1992, ACCORDING TO THE PRELIMINARY ESTIMATES RELEASED BY AND STATISTICS DEPARTMENT TODAY (MONDAY).
AMONG
THE
MAIN
THE
GDP
OF
PRIVATE ESTIMATES, COMPONENTS
THE IN
FOURTH BY 9.5% IN REAL TERMS CONSUMPTION EXPENDITURE GREW
UNDERLYING THIS GROWTH QUARTER OF 1993 OVER THE SAME QUARTER IN 1992.
AND WAS A SIGNIFICANT INCREASE IN EXPENDITURE ON BOTH CONSUMER GOODS SERVICES.
THE SAME ON
BASIS
GOVERNMENT COMPARISON, OF EXPENDITURE (DEFINED IN NATIONAL ACCOUNTS TERMS) DECLINED BY 0.1% IN REAL TERMS IN THE FOURTH QUARTER OF 1993 OVER QUARTER IN 1992.
CONSUMPTION MARGINALLY THE SAMB
THE DECLINE IN GOVERNMENT CONSUMPTION EXPENDITURE REFLECTED GROWTH IN THE NUMBER PART THE GOVERNMENT'S EFFORTS TO RESTRAIN CIVIL SERVANTS, AND IN PART THE DECREASE IN GOVERNMENT EXPENDITURE PURCHASE OF GOODS AND SERVICES.
IN
OF
ON
SLIGHTLY BY
GROSS DOMESTIC FIXED CAPITAL FORMATION DECLINED 0.5% IN REAL TERMS IN THE FOURTH QUARTER OF 1993 QVER THE SAME QUARTER
ON
AND MACHINERY IN
EXPENDITURE WITHIN 1992.
COMPONENT, THIS EQUIPMENT DECREASED BY 0.8% WHILST EXPENDITURE ON CONSTRUCTION GREW BY 2.3%.
THE
BY THE SLOW-DOWN IN THESE TWO ITEMS WERE AFFECTED PARTLY
THE FORMER HIGH BASE OF COMPARISON IN THE FOURTH QUARTER OF 1992.
THE STAGED A MARKED PICK-UP SINCE THE SECOND QUARTER OF 1992 WHEREAS OF 1992.
IN LATTER ALSO BEGAN TO REVIVE SINCE THE FOURTH QUARTER
THOSE RECORDED IN THE TERMS OF
WERE COMPARABLE TO LEVELS, THEY PRECEDING QUARTERS.
IN THE FOURTH
FOLLOWING NOTABLE GROWTH IN PREVIOUS QUARTERS, THE YEAR-ON-YEAR GROWTH RATE OF EXTERNAL TRADE SLOWED DOWN SOMEWHAT QUARTER OF 1993.
/TOTAL EXPORTS