TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 48

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.

expected to be

for 1986-87 of

Gross land production in 1987-88 is 357 hectares compared with a revised estimate 356 hectares. Over the three years of the new forecast period

1988-89 to 1990-91, total production is expected

1 572 hectares (29).

Public Housing

to

be

92.

Of the total consolidated account capital expenditure

in 1987-88, $3.4 billion will be allocated for the construction

of housing, including temporary housing areas, compared with the

revised estimate of $3.2 billion for 1986-87. Notwithstanding the high level of this expenditure, the figures exclude the

value of land used by the Housing Authority for rental housing

(29) 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. The Corporation did not complete the formation of any new land during

1986-87.

Year

Production (hectares)

1988-89

411

1989-90

719

1990-91

442

Total 1 572

27

/and