GOVERMENT HOUSE HONG KONG.
TUE 23 FEB 93 08:12
PG.12
SECRET
تم
Your economists will know the difficulties inherent in such forecasts. Our forecasts of revenue may be on the conservative side as has happened this financial year there is therefore more likely to be upside than downside potential in the forecast reserves.
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On the expenditure side, the Financial Secretary will be making it clear that he is committed to keeping expenditure growth within the growth rate of the economy, and that our forecasts indicate that public spending will remain below 20% of GDP in the period to 1995-97.
I hope you will find this advance information useful, and would appreciate it being kept strictly confidential.
But win.
да
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Governor
Director Lu Ping
Hong Kong & Macao Affairs Office
of the State Council
Peking
A
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