TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 93

Consolidated Cash Flow

Appendix C-Contd.

Table 3

Showing the extent to which the capital financing deficit is covered by the operating surplus and the combined cash flow impact on Government's total reserves.

Revised Estimate

Projection

1986-87

1987-88

1988-89

1989-90

1990-91

$mn

$mn

$mn

$mn

$mn

Capital Financing (Deficit)

(3,110)

(6,180)

(6,680)

(9,910)

(7,670)

Operating Surplus

8,080

8,580

8,980

9,190

9,160

Consolidated Cash Surplus/(Deficit)*

4,970

2,400

2,300

(720)

1,490

Reserve Balances at 1 April

27,050

32,020

34,420

36,720

36,000

Reserve Balances at 31 March

32,020

34,420

36,720

36,000

37,490

*

* Analysis of Consolidated Cash Surplus/(Deficit)

General Revenue Account

3,070

1,770

1,640

(720)

800

Funds

1,900

630

660

690

34

*

+