longer term position both
financially and in terms of
efficiency. I have in mind some rationalization of Government's
accommodation, and a variety of measures involving, for example, computerisation and equipment renewal.
87.
Revenue accruing directly to the funds comprises
receipts from a
combination of land sales, loan repayments,
interest payments and sales of flats under the Home Ownership
The estimated revenue for 1987-88 is $4.7 billion
compared with a revised estimate for the
$4.8 billion.
Scheme.
88.
current year of
The overall situation of the funds after making
making the
transfers from General Revenue Account is an estimated small
increase in their balances of $0.6 billion or about 5% of their
current levels. This will maintain the real value of these
balances. We need sufficient in the funds bearing in mind the
boost that I am proposing in capital spending and its longer
term impact on cash flow.
89.
Taking the General
General Revenue Account surplus and growth
in fund balances together gives an estimated overall surplus for
the year of $2.4 billion.
PROGRAMMES AND POLICIES
90.
on
Having outlined the total budgetary position, I shall
now comment on some of the major programmes and policies
which expenditure estimates are founded. The consolidated
account expenditure in 1987-88, which includes
includes the expenditure
of the Housing Authority and Urban and Regional Councils,
forecast to be $53.4 billion (28). I shall refer specifically
(28) Reference to all programmes can be found in Appendix D.
is
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