TNAG-0761-FCO40-965-Budget-of-Hong-Kong--1978-1979-1978 — Page 63

1

agree

with

По

Too Hell that the pauit

worth pursuing

in his paragraph 2

but

9

is

suggest that it can want

until well after the Budget. We

get

auswer in

speedures.

many

Пит Наббови. Сашей

But wvely what we really need to do is ensue that we are comparing like with like, both in trying to discon trends and in comparing Hong Kong's performance with the World Bank norm. I must confess that I find it difficult to work out why if public expenditure is growing by 26% but the economy is only growing by 10%, the ratio of public expenditure to GOP still remains more of or less constant.

嚯

in Repsen

i Aventill

کی

W.E. Chantill

152

Let us fimt see the bodge speech enl then take the point up

80/13/3.

6

21/2