Australian Federal Budget
Forecast GDP growth for this year raised from 2 to 3 per cent
GDP growth for the medium term lifted from 3 to 3.5 per cent
Land departure tax is shelved. Introduction of goods and services tax to be decided later, not until deflation easesThursday, 23 October, 2003, 12:00am
I would like to respond to your editorial of December 23 headlined, 'Facing realities', which discussed economic forecasts for 1998 and government expenditure.
First of all, I would like to clarify that the Government has yet to announce its official forecast for 1998 economic growth.2 Jan 1998 - 12:00am
CHINA'S defence budget will rise this year by 10.6 per cent to 69.8 billion yuan (HK$62.91 billion), its lowest annual increase since 1989.
Military analysts in Beijing said the rise, to be announced by Minister of Finance Liu Zhongli at next week's National People's Congress, would mainly be used for upgrading weapons.27 Feb 1996 - 12:00am
THE Government is expected to invest heavily in non-airport capital works projects in the 1993-94 financial year by setting aside at least $10.5 billion in a special reserve to carry out new plans.
The massive investment was unveiled yesterday amid expectation of another windfall surplus, which is expected to exceed $20 billion for the year ending March 1993.27 Feb 1993 - 12:00am