TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 192

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42

11.2.87

82.

I propose a package of revenue measures that

will reduce revenue by a net $325 million in 1987-88 and

$690 million in a full year.

83.

As a result of these measures, the estimated

surplus on General Revenue Account falls from $2.1 billion

to 13 billion (26).

Fund Accounts Draft Estimates

-

84.

For the various funds from which expenditure of

a capital nature is financed, I propose total expenditure

of $10.7 billion (27). This compares with a revised

estimate for the current year of $9 billion.

(27)

Expenditure

($mn

Revenue ($mn)

Net Expenditure

($mn]

Capital Works Reserve

Fund (excluding

suspense account)

7,050

2,220

4,830

Development Loan Fund

1,690

635

Home Ownership Fund

752

1,797

1,055 (1,045)

Student Loan Fund

103

76

27

Mass Transit Fund

1,102

__1,102

10,697

4,728

5,969

Transfer from General

Revenue Account

6,600

631

Net increase in balances

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