XN000022-1987-02-25 — Page 7

IS

DAILY INFORMATION BULLETIN-SUPPLEMENT

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

WEDNESDAY, FEBRUARY 25, 1987

CONTENTS

STABLE FUNDING, STEADY DEVELOPMENT KEY FACTORS

1986-87 SURPLUS RISES TO $3 BILLION

EXPECTED SURPLUS PUT AT $2.1 BILLION OR $1.8 BILLION

EXPENDITURE TO TOTAL $44.4 BILLION

PUBLIC FINANCES NOW STRONG, SAYS JACOBS

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CONTROLLED RISE IN SPENDING WHILE LOWERING TAX DURDEN

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HALF PER CENT CUT IN PROFITS TAX SOUGHT

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INCREASED TAX ALLOWANCES, RATE CUT PROPOSED

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LINKED EXCHANGE RATE SYSTEM TO CONTINUE

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GOOD QUALITY, SUBSIDISED HOUSING FOR 800 000 TARGETTED

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NO INTENTION TO 'STIFLE FINANCIAL INNOVATION'

STEPS PLANNED TO COUNTER ASSET REFINANCING SCHEMES

TWO CONCESSIONS ON ESTATE DUTY PROPOSED

TAX CONCESSIONS BENEFITTING ALL +A HIGHER PRIORITY+

TOTAL EXPENDITURE OF $10.7 BILLION PROPOSED

DUTIABLE COMMODITIES MEASURES TO RAISE EXTRA $165 MILLION

+SERVICES SHOULD BE PAID BY THOLE WHO USE THEM+

REVENUE PROTECTION ORDERS SIGNED

FS'S SPEECH ON TV AND RADIO

BUDGET BRIEFING

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