06-MAY-1992 16:32
HK GOVERNMENT HOUSE
4
+852 521 1868
P.05
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11.
By contrast, the slowness in identifying the magnitude of the underspending in public works is less readily understandable, and is a matter for concern. Although, in the long term, some of the underspending this year will be made up for in subsequent years as delayed projects are implemented, it is clearly unsatisfactory.that we have been unable to predict the progress of our capital works programme with more accuracy. I have therefore asked the Secretary for the Treasury and the Secretary for Works to look urgently at how to improve our estimating techniques and procedures for the Public Works Programme, to ensure that in future years a more accurate picture of the situation emerges.
12.
Although this windfall surplus will enable us to defer an increase in general rates, I am also able to assure Members that this does not affect our determination to look at possible ways of resolving the problems faced by the "sandwich class". I stand by the assurances which I gave in my Concluding Speech on 1 April. That is, if our finances are in line with expectations, I plan another substantial increase in salaries allowances together with a review of tax bands. The Secretary for Planning, Environment and Lands is also pressing forward with our examination of possible ways to alleviate the high cost of housing for the "sandwich class", and will produce recommendations by September this year.
/13. Finally,
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