Session No. 5 File name : cedb(cit)- doc
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- Examination of Estimates of Expenditure 2010-11
Question: The estimated default rates provided in the footnote to Item 802 Special Loan Guarantee Scheme (10% and 12% for loans approved under 70% and 80% Government guarantee respectively, resulting in an expected maximum expenditure for settlement of default claims of $11.8 billion) are the same as those provided in the papers to the Finance Committee in December 2008 and June 2009. In light of experience to date and the current economic outlook, does the Government have an updated view of the likely default rates? Asked by: Hon. LI Kwok-po, David Reply: The Special Loan Guarantee Scheme was launched on 15 December 2008. As at end February 2010, the Trade and Industry Department has received 55 default claims from the participating lending institutions, involving a total claim amount of about $59 million. The default rate so far is about 0.1%. However, it is too early to say what the eventual default rate would be at this stage as most of the borrowers have just drawn down their loans for a short period of time. We expect the number of default cases will rise.
Question: Please provide the following information on the procurement of agency services: (a) the number of contracts signed with the agency services; (b) the contract sum and term of service for each agency; (c) the number of workers supplied by each agency service and their duties; (d) details of the workers’ salaries payable by each agency service. What is the range of monthly salaries and that of daily or hourly wages? (e) with regard to (a), (b), (c) and (d), please provide the respective numbers and percentages of change for each year:
( ) percentage of change (f) the proportion of workers supplied by the agency services in the existing staff in the department; and (g) the proportion of expenditure on procuring the services of the agencies in departmental expenses.
Details on procurement of services of agencies by the Trade and Industry Department are provided below (Table 1):
( ) percentage of change Note 1: As the number of workers supplied by agency services will change subject to service needs, the information for 2010-11 is not available at the moment. Note 2: Pursuant to existing guidelines, departments usually only specify salaries for non-skilled workers. The workers listed in the above table do not belong to the non-skilled workers category. Note 3: As the service started from 2007-08, the figures of 2006-07 are not available for comparison.
( ) percentage of change Note 1: As the number of workers supplied by agency services will change subject to service needs, the information for 2010-11 is not available at the moment. Note 2: Pursuant to existing guidelines, departments usually only specify salaries for non-skilled workers. The workers listed in the above table do not belong to the non-skilled workers category. (f) As shown in Table 1, a total of 9 workers supplied by agencies are attached to the Department, accounting for 1.43% of the 2009-10 departmental headcount. If the 14 T-contract IT services workers supplied by agencies listed in Table 2 are included, the total number of workers supplied by agency services would account for 3.57% of the departmental headcount. (g) The amount that the Department paid for procuring services from agencies in Table 1 accounted for 0.61% of the 2009-10 departmental recurrent expenditure. If the T-contract agency services listed in Table 2 are included, the total contract sum would amount to approximately 3.52% of the departmental recurrent expenditure.
Directory: citb -> doc doc -> Replies to initial written questions raised by Finance Committee Members in examining the Estimates of Expenditure 2012-13 Director of Bureau : Secretary for Commerce and Economic Development Session No. 12 File name : cedb(cit)- doc Download 4.7 Mb. Share with your friends:
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