XN000022-1981-02-25 — Page 1

IS

DAILY INFORMATION BULLETIN

ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG, TEL: 5-233191

BUDGET SPEECH:

WEDNESDAY, FEBRUARY 25,

1981

CONTENTS

PAGE NO.

GDP TO GROW BY- 8-PERCENT AT CONSTANT PRICES

GLOOMY PREDICTIONS NOT BORNE OUT BY BUDGET FORECAST

י.

PERSONAL ALLOWANCES TO GO UP

REVENUE TO TOP $33 700 M IN 1981/82

25 PER CENT RISE IN GOVT SPENDING TIPPED

FS: $7 881 MILLION SURPLUS FOR 1981-82

1980-81 SURPLUS EXPECTED TO BE ABOUT $6 300 M

FISCAL RESERVES SET TO REACH $ 10 300 M

PROPER MANAGEMENT KEY TO HK'S ECONOMIC DESTINY

SEVEN PER CENT GROWTH IN DOMESTIC EXPORTS FORECAST

FS OPTS NOT TO RAISE TAXES

$ 3 976 M TO BE SPENT ON HOUSING IN 1981/82

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ON

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FS CAUTIONS AGAINST USING PRICE CONTROLS TO FIGHT INFLATION

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MORE LAND TO BE PRODUCED

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LAW AND ORDER COSTS UP 11 PER CENT

INCREASE IN PRIMARY SCHOOL PLACES

$1 800 MILLION BARMARKED FOR HEALTH

WELFARE ALLOWANCES TO BE RAISED

/CUTS IN

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