TNAG-1727-FCO40-2440-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 262

PUBLIC FINANCE ORDINANCE

THE FINANCIAL SECRETARY moved the following motion:

That

1. Authority is hereby given for a sum not exceeding $17,427,373,000 to be charged on the general revenue in advance of an Appropriation Ordinance for expenditure on the services of the Government in respect of the financial year commencing on 1 April 1988.

2. Subject to this resolution, the sum so charged may be expended against the heads of expenditure, and expenditure for each such head shall be arranged in accordance with the subheads, shown in the draft Estimates of. Expenditure 1988-89

where such estimates are changed under the provisions of the Public Finance Ordinance as applied by section 7(2) of that Ordinance, in accordance. with such estimates as so changed.

OI,

3. Expenditure in respect of any head shall not exceed the aggregate of the amounts specified in respect of each subhead in that head, by reference to percentages, in paragraph 4 (a) and (b).

4. Expenditure in respect of each subhead in a head shall

not exceed

(a)

(b)

in the case of a Recurrent Account subhead, an amount equivalent to -

(i) except where the subhead is listed in the Schedule hereto, 20 per cent of the provision shown in respect of it in the draft Estimates;

(ii) where the subhead is listed in the Schedule* hereto, that percentage of the provision shown in respect of it in the specified in relation Schedule*; and

draft Estimates which is to that subhead in the

in the case of a Capital amount equivalent to 100 per shown in respect of it in the

Account subhead, an cent of the provision. draft Estimates,

or such other amount, not exceeding the provision shown in respect of the subhead in the draft Estimates, as may in any case be approved by the Financial Secretary.