SECRET
- 3
www.
(15% in money terms compared with
the budget forecast of 13%), other
internal revenue is up by $114
million (largely bets and sweeps
tax: $+85 million);
reimbursements
(mainly from the MTRC) are up by
$M
$135 million; and postal revenue
is up by $29 million
+
561
yields from land sales
Capital revenue:
are up by $200 million and estate
duty by $22 million
Recurrent expenditure: only up by
$4 million, despite the 1977
salaries revision which cost us
$260 million (but this was
absorbed by unexpected savings
in PE subheads) and net
supplementary expenditure of
$80 million (net after allowing
for the Unforeseen Commitments vote
and declared offsetting savings).
Compare performance (actuals
compared with estimates) in last
two years:
1975-76
1976-77
$M
-168
.......
66
SECRET
+
261
I
4
/ Capital