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  Budget Speech
  Estimates of Operating Expenditure

87.    After reviewing the guidelines on operating expenditure which I laid down last year, I have reduced estimated operating expenditure for 2005?6 by $2.6 billion, from $210.6 billion to $208 billion.  This reflects the austerity drive by government departments and takes into account their actual operational requirements.  In fact, the civil service establishment has been reduced from 170  600 in March last year to about 166 000 at present, and will be further reduced to about 163 300 by March 2006.  However, even budgeting for the latest forecast expenditure level, the Government will still record an operating deficit of $15.4 billion.



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2004 | Important notices
Last revision date : 16 March, 2005