TNAG-2251-FCO40-3235-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-fina-1991 — Page 128

Medium Ranoe Forecast

(મંત્ર

le recurrent expenditure to grow by 4% p.a. using 90/91 LRF as base; PWP expenditure to grow by 7% p.a. using 90/91 LRF as base; also assume GDP 5% p.a.. general inflation 8.5% p.a. and inflation 10.5% p.a. for FWF)

(At money-of-the-day prices)

Recurrent expenditure

Other non-recurrent expenditure

Operating expenditure

Operating revenue

1991-92

$M

1992-93

$M

1993-94

$M

1994-95 1995-96 1996-97

$M

$M

$M

70.980 590

80.990 570

92,380 280

105.420 320

120.290 360

137.190 400

71.570

81.560

23.850 26.150

105.740

93.580 105.410 118.810 135.090

22.010

92.660

120.650

137,590

152.100 171,270

29.350

31,450

33,680

===

====

Capital expenditure

GRA

1.490

PWP

20.320

-

Other CWRF

Loan Fund

1.720 24.020 5.280 1.560

1.960 28.390 5.890 1.800

Capital revenue

Capital (deficit)

4.840 1,370

28.020

8.670 9.660 10,650 11,710 12,950 14.330

(19.350) (22,920) (27,390) (32,990) ́(39,660) (47,570)

2,220 33.570 6.860 2.050

2.540

2.900

39.700

46.940

8.030

9.440

2,340

2.620

32.580 38.040 44.700 52.610 61.900

==

==

Overall surplus/(deficit) before

equity

2,660

930

(1,240) (3,640) (8,210) (13,890)

Opening reserve balance (before equity)

76.540

Closing reserve balance (before equity)

79,200

79,200 80,130 78.890 75,250 67,040

80,130 78.890 75,250 67,040 53,150