TNAG-2215-FCO40-3182-Address-by-David-Wilson--Governor-of-Hong-Kong--to-the-Legis-1991 — Page 29

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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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