TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 168

UNPLASSERO §£ *2

Estimates 1985-86

Draft Estimates of Expenditure

53.

Having regard to the continuing deficit and the need steadily to reduce it, in November last I set a limit to General

Revenue Account expenditure for 1985-86 of $29.8 billion excluding additional commitments and transfers to the Funds. This represented an increase of no more than about 7.7% on the current year's outturn. As real growth in the education, medical and social welfare sectors had to be included, and as additional resources had to be provided for the disciplined services, this meant virtually no prospect of growth for the majority of departments. Indeed in some cases there had to be

reductions.

54.

In the event after much hard bargaining the printed Draft Estimates that emerged provide just over $29.4 billion, an increase of 6.3%. This and some later percentage comparisons with expenditure in 1984-85 do not include the effects of any civil service salary increase that may be agreed for 1985-86.

55.

There must be added a contingency allowance of $1.8

billion for all additional commitments plus $7.2 billion for transfers to Funds. The total is $38.4 billion (20). of this,

(20)

Draft Estimates

1985-86 ($ billion)

Recurrent Expenditure Capital Expenditure Additional Commitments Transfers to Funds

G.F. 316

Sasasama 高度機密

28.0

1.4

1.8

7.2

38.4