23-34    Government Expenditure (General Revenue Account and Funds)
			(HKD 100 million)
Item	1997/1998	1998/1999	1999/2000	2000/2001	2001/2002
Operating Expenditure
Recurrent Expenditure
Personal Emoluments	401.14	440.92	464.88	504.97	519.09
Personnel Related Expenses	43.45	47.08	50.35	51.16	48.70
Pensions	92.72	73.95	82.54	93.81	128.99
Departmental Expenses	80.67	89.35	101.84	129.34	143.66
Other Charges	241.39	285.68	295.90	303.55	313.28
Subventions
Education	188.77	210.82	222.82	238.60	251.37
Health	240.40	265.62	276.09	282.21	295.46
Social Welfare	45.98	54.19	60.65	64.53	69.60
Universities and Polytechnics	117.92	131.89	137.11	131.31	132.58
Vocational Training Council	18.06	19.68	21.16	20.39	20.67
Miscellaneous	23.36	23.59	25.79	25.35	32.52
Other Non-recurrent	111.80	131.29	20.08	21.64	31.51
Total Operating Expenditure	1605.66	1774.06	1759.21	1866.86	1987.43
Capital Expenditure
Plant, Equipment and Works	8.52	7.90	13.72	8.53	9.84
Subventions
Education	4.09	3.22	3.85	4.64	3.98
Health	0.17	3.80	4.11	3.71	3.85
Vocational Training Council	0.21	0.46	0.19	0.67	1.07
Miscellaneous	6.18	7.06	1.39	1.10	0.70
Funds
Capital Works Reserve Funds	287.72	312.67	294.90	305.77	303.30
Capital Investment Fund	1.19	205.45	85.10	81.02	3.05
(Equity Investments)
Loan Fund	29.48	78.56	65.80	53.10	72.77
Disaster Relief Fund	0.38	0.38	0.32	0.43	0.08
Innovation and Technology Fund①	-	-	1.84	3.10	2.83
Total Capital Expenditure and Equity	337.94	619.50	471.22	462.07	401.47
Investments
Total Government Expenditure and	1943.60	2393.56	2230.43	2328.93	2388.90
Equity Investments
Note:  ①The Innovation and Technology Fund was established on 30 June 1999 by Resolution of the Legislative Council to finance projects to
help promote innovation and technology upgrading in manufacturing and service industries.