WEDNESDAY, MARCH 29, 1978
UN
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HIS CALCULATION OF $8,000 MILLION LAST YEAR FOR 1977-78 WAS ALSO CLOSER TO THE REVISED ESTIMATE OF $8,074 MILLION THAN THE BUDGET ESTIMATE OF 7,474 MILLION.
+ALLOW ME TO MAKE ONE POINT VERY CLEAR, HE SAID. +THESE COMPARISONS DO NOT IMPLY THAT I AM BETTER THAN THE FINANCIAL SECRETARY IN ESTIMATES. ANY MAN IN HIS POSITION WOULD HAVE TAKEN A MORE CAUTIOUS AND CAREFUL ATTITUDE. IN FACT, HE ADDED, HE SUBSCRIBED TO THE FINANCIAL SECRETARY'S PRUDENCE LAST YEAR IN THE LIGHT OF THE RATHER UNCERTAIN OUTLOOK OF WORLD ECONOMY AT THAT TIME.
ALL IN ALL, HE SAID, THE 1978-79 BUDGET IS GENERALLY IN LINE WITH OUR PAST TRENDS AND ACCEPTABLE GUIDELINES AND HE BELIEVED HIS UNOFFICIAL COLLEAGUES SHARE HIS SUPPORT FOR IT.
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