TNAG-0761-FCO40-965-Budget-of-Hong-Kong--1978-1979-1978 — Page 86

Y E

SECRET

HONG KONG BUDGET 1978/79: A PREVIEW

W7

1977-78 Outturn

1.

The Approved Estimates for this year envisage

a surplus of $30 million only:

Revenue:

Recurrent

Capital

Expenditure:

Recurrent

Capital

Surplus on recurrent account

Deficit on capital account

... Overall surplus

$M

$M

7,339

936

8,275

6, 236

2,009

8, 245

1,103

1,073

30

2.

On the basis of a projection from the accounts

for the first nine months to 31st December, we shall

do distinctly better than this (and better than my

18th November guess):

SECRET

/ $M