XN000022-1990-02-26 — Page 7

MONDAY, FEBRUARY 26, 1990

APPROPRIATION BILL TO BE GAZETTED ON FRIDAY

EXPENDITURE FOR

THE FINANCIAL YEAR 1990 HAVE BEEN ISSUED TO MEMBERS OF THE

DRAFT ESTIMATES BEGINNING ON APRIL LEGISLATIVE COUNCIL.

OF

1+

THE ANNUAL APPROPRIATION BILL WILL BE GAZETTED ON FRIDAY (MARCH 2) AND FORMALLY MOVED BY THE FINANCIAL SECRETARY, SIR PIERS JACOBS, IN HIS BUDGET SPEECH ON MARCH 7.

THE DRAFT ESTIMATES HAVE BEEN ISSUED TO MEMBERS EARLIER THAN USUAL TO GIVE THEM MORE TIME TO CONSIDER THE DETAILS BEFORE THE SPECIAL MEETINGS OF FINANCE COMMITTEE WHICH WILL EXAMINE THE EXPENDITURE PROPOSALS.

THE APPROPRIATION BILL PROVIDES FOR EXPENDITURE FROM THE GENERAL REVENUE ACCOUNT IN 1990-91 TOTALLING $65.3 BILLION ΤΟ BE INCURRED ON THE EXPENSES OF GOVERNMENT DEPARTMENTS AND IN PROVIDING OTHER SERVICES.

THIS REPRESENTS AN INCREASE OF 25 PER CENT OVER THE EXPENDITURE APPROVED FOR THE CURRENT FINANCIAL YEAR.

IN ADDITION, THE APPROPRIATION BILL PROVIDES FOR $22.9 BILLION TO BE TRANSFERRED FROM GENERAL REVENUE TO MEET EXPENDITURE FROM OTHER FUNDS TO FINANCE THE CAPITAL WORKS PROGRAMME, PERMANENT INVESTMENT IN THE HOUSING AUTHORITY AND LOANS AND ADVANCES TO OTHER BODIES AND TO STUDENTS IN TERTIARY EDUCATION.

OF THE $65.3 BILLION REQUIRED, $12.7 BILLION IS FOR EDUCATION, $11.7 BILLION FOR SOCIAL SERVICES AND $5 BILLION FOR THE POLICE. THESE THREE AREAS TOGETHER WILL ACCOUNT FOR 45 PER CENT OF THE TOTAL.

BY

THE DRAFT ESTIMATES ISSUED то MEMBERS. INCLUDE DETAILED ESTIMATES FOR EACH DEPARTMENT OR SERVICE AND A REPORT

EACH CONTROLLING OFFICER GIVING AN ACCOUNT OF PERFORMANCE

JUSTIFICATION FOR THE ESTIMATED EXPENDITURE BEING SOUGHT.

AND

THE AND IS

AFTER THE SPECIAL MEETINGS OF FINANCE COMMITTEE APPROPRIATION BILL WILL BE DEBATED IN THE LEGISLATIVE COUNCIL EXPECTED TO BECOME LAW IN MAY.

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