TNAG-1725-FCO40-2438-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 24

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24.

As a consequence of the gains in our revenue yields, I now expect a much higher than budgetted surplus on General Revenue Account of some $6.1 billion. When combined with our fund accounts, the surplus becomes $7.6 billion (11). Substantial as this surplus may seem, it must be remembered that

it is the product of two years of exceptional economic

performance.

(11)

le le lc

General Revenue Account

SURPLUS/(DEFICIT) 1987-88 $Millin

REVISED ESTIMATE

ORIGINAL

ESTIMATE

BEFORE TRANSFERS

AFTER

TRANSFERS TRANSFERS

(AFTER TRANSFERS)

12,690

(6,600)

6,090

1,768

Capital Works Reserve Fund

(4,320)

5,080

760

250

Development Loan Fund

(871)

1,000

129

(55)

Home Ownership Fund

1,200

1,200

1,045

Mass Transit Fund

(1,109)

500

(609)

(602)

Student Loan Fund

(17)

20

3

(7)

Total – Funds

-

(5,117)

6,600

1,483

631

be le ACCOUNT +

TOTAL GENERAL REVENUE

7,573

7,573

2,399

FUNDS

meneo tofi char

14

ECONOMIC