XN000022-1984-02-29 — Page 1

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DAILY INFORMATION BULLETIN

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

CONTENTS

WEDNESDAY, FEBRUARY 29, 1984

BUDGET SPEECH:

SIR JOHN SEES CLEARER SKIES AHEAD'

$33.7 BILLION EXPECTED IN TOTAL COLLECTIONS

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$3.3 BILLION DEFICIT EXPECTED

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PUBLIC SPENDING SET AT $44 BILLION

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$37 BILLION TO BE SPENT ON GENERAL REVENUE ACCOUNT

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NO CUTBACKS IN WORKS PROGRAMME

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SPENDING ON EDUCATION TO GO UP 18 PER CENT

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GOVERNMENT TO SPEND MORE ON MEDICAL AND SOCIAL WELFARE SERVICES

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INCREASED FOUR-YEAR HOUSING PLAN FORECAST

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+DISCIPLINED SPENDING TO CONTINUE

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POSITION AS FINANCIAL CENTRE STRENGTHENED

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BILLION DOLLAR BOND ISSUE PROPOSED

NEED FOR PROPER TAX BALANCE STRESSED

NEW MEASURES PROPOSED TO PROTECT TAX YIELDS

REVENUE PROTECTION ORDERS SOUGHT

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22 *

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BETTING DUTY RAISED

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LIQUOR TAX POLICY EXPLAINED

/TWO PER

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