XN000022-1989-03-01 — Page 6

IS

DAILY INFORMATION BULLETIN

ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG. TEL.: 5-8428777

BUDGET SUPPLEMENT

WEDNESDAY, MARCH 1, 1989

CONTENTS

PAGE NO.

BUDGET A COMPLEX TASK, FS SAYS

INFLATION A MAIN PROBLEM

SIX PER CENT GDP GROWTH RATE PREDICTED

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3

4

MOVE TO HELP GROWTH OF DOLLAR PAPER MARKET

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$14.2 BILLION SURPLUS IN 1988-89 EXPECTED

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STEADY GROWTH WITHIN BUDGETARY GUIDELINES ESSENTIAL

10

PROVISIONS FOR 3.9 PER CENT CIVIL SERVICE GROWTH

11

SALES TAX COULD BRING SIGNIFICANT BENEFITS

RESERVES NOT A "POT OF GOLD'

SURPLUS FORECAST FOR 1989-90

REVENUE-RAISING MEASURES OUTLINED

INCREASES IN FEES, CHARGES TO YIELD $287 MILLION

CUTS IN PERSONAL TAXATION PROPOSED

REDUCTION IN PROFITS TAX TO 16.5% PROPOSED

INTEREST TAX TO BE ABOLISHED

IMPLEMENTATION OF REVENUE PROPOSALS

PROPOSALS ON SEPARATE TAXATION EXPECTED LATER THIS YEAR

BUDGET MEETS OUR CHALLENGES

FS'S SPEECH ON TV AND RADIO

BUDGET PRESL CONFERENCE

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18

20

28

≈ * 2 *

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32

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25

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2 2 1 on your

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