26
Council's Most
important responsibilities
will be
to
recommend grants to
selected
businesses for applied
research and development.
(b) Managing the Government's
Finances
51.
Financial
Later, in the debate оп this
Secretary will explain in
administration's strategy for financing its
taking account of the
constraints that we face.
clear.
various economic
Address, the
detail
the
programmes,
and fiscal
But the basic principles are
If our strategy is to succeed, we must ensure that
the overall
arowth of expenditure is kept in line with the
growth rate of the economy.
This means that we must
continuously re-examine spending plans and existing
commitments.
We must be prepared to transfer resources
from one programme area to another to reflect changing
priorities.
52.
In
co-operation with this Council's Finance
Committee, we must look for ways to provide the public with
better value in the
provision of public services
-
in
/particular,
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