(17865) Dd.145178 400m 5/73 G.W.B.Ltd. Gp.863
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CONFIDENTIAL
1.
What has been the ratio of public expenditure to the gross domestic product in recent years?
Excluding contributions from General Revenue to the equity of the Mass Transit Railway Corporation, expenditure on the
Consolidated Account in relation to the gross domestic product (adjusted to a fiscal year basis) for the period 1965/66 to 1975/76 has been as follows:-
Public expenditure
(HK$ million)
(At current prices)
Gross domestic
Ration
product
(HK million)
%
65/66
1834
10,660
17.2
66/67
1867
11,421
16.3
67/68
1849
12,647
14.6
68/69
1934
13,965
13.8
69/70
2105
16,511
12.7
70/71
2510
19,246
13.0
71/72
2967
21,771
13.6
72/73
3885
25,773
15.1
73/74
5074
31,581
16.1
74/75
6622
34,692
19.1
**
75/76
6778
36,204*
18.7
* revised estimate
assumes GDP increases in 1976 by 9%, in real terms, as per paragraph 31 of Budget speech, with no change in prices, paragraph 38 of the speech not- withstanding, taking into account that public expenditure figures for 1975/76 are based on 1976
prices.
CONFIDENTIAL
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