TNAG-2470-FCO40-3594-Budget-of-Hong-Kong-1992 — Page 105

2

3.

Despite the promising prospects for the economy,

I believe we have to stick to our basic guideline for

public expenditure.

It must not grow faster than the trend

rate of economic growth. This simple rule is designed to

government spending does not grow beyond what we

make sure

can afford, does not become such a burden that future

growth and our overall prosperity are threatened.

4.

to make

the

But even on--this cautious basis, we will be able

substantial improvements in our public services in

coming year. Spending on health care will increase by

and the funds available for social welfare programmes

will rise by 15%. Spending on education will increase by enabling us to continue the expansion of the tertiary

27%,

13%,

sector and bring about

and secondary schooling.

spending on law and

environment.

in

important improvements in primary

There will also be real increases

order and on improvements to the

5.

We are also

infrastructure

we

making large investments in the

need for our continued growth and our

wellbeing in the future. The new airport is a major part

of these

Council,

plans.

our

But. as I explained to the Legislative

spending on the Airport Core Projects will be

20'd

ØPST LES 258 +

'S'I'D

20:97 2661-JUW-Do

Page 105Page 106