TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 195

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45

11.2.87

Urban and Regional Councils, is forecast to be

$53.4 billion (28). I shall refer specifically to our

land production, housing, education, medical and social

welfare programmes because they are so important and,

together, make up more than half of consolidated account

expenditure.

Land Production

91.

Gross land production in 1987-88 is expected to

be 357 hectares compared with a revised estimate for

1986-87 of 356 hectares. Over the three years of the new

forecast period 1988-89 to 1990-91, total production is

expected to be 1 572 hectares (29).

(28)

(29)

Reference to all programmes can be found in Appendix D.

The gross figures for land production include land for public housing, government, institutional and community purposes, open space and roads in both the urban areas and the New Territories. They exclude 9.95 hectares and 1.78 hectares which the Hong Kong Industrial Estates Corporation plans to form during 1987-88 and 1989-90 respectively. Corporation did not complete the formation of any new land during 1986-87.

Year

Production Thectares)

The

1988-89 1989-90

1990-91

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411 719

442

1 572

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4.2.87

Public Housing