G.F. 316
UND, ASEFLD
45ED高度機密
million. The revised estimate of recurrent expenditure (16) is expected to be $674 million lower than the original estimate. This is the third year running in which recurrent expenditure has been held down below budget, reflecting tight financial control; and I thank all vote controllers for their efforts.
49.
On capital account, revenue is expected to be slightly lower than the original estimate: expenditure is expected to be about the same as the original estimate (17).
50.
The Hong Kong Government has
Indeed no net debt.
following the deduction of the 1984-85 deficit from the General Revenue Balance, our fiscal reserves will be $15.3 billion.
Most
Fund
interest
is
lent to
the Exchange
against
(16)
Approved
Revised
Estimates
Estimates
Component
1984-85
1984-85
($mn)
($mm)
(1) Personal Emoluments
8,913
9,640
(2) Personnel Related Expenses
Pensions
984
1,050
Other
1,166
1,121
Departmental Expenses
3,084
2,936
Other Charges
Additional Commitments
1,800
Defence Costs Agreement Other
1,257
1,261
>
3,071
3,216
(5) Subventions
6,658
7,035
Total Recurrent Expenditure
26,933
26,259
(17)
Approved
Revised
Estimates
Estimates
Component
(1) Plant, Equipment and Works
Defence Costs Agreement
Other
(2) Other Non-Recurrent
1984-85
1984-85
($mn)
($mm)
103
59
568
448
Additional Commitments
200
Other
111
225
(3) Subventions
718
689
Transfers to Funds
Capital Works Reserve Fund
7,300
7,257
Development Loan Fund
1,305
1,305
Student Loan Fund
60
35
Mass Transit Fund
35
408
Total Capital Expenditure
10,400
10,426
UNI
高度機密
No comments yet.
Private notes are available after approval.