UNCLARESTED
高度機密
Revenue Estimates
73.
We come now to the revenue estimates which for 1985-86
as printed anticipate total collections of $36.2 billion; that is to say $33.7 billion in recurrent revenue and $2.5 billion in
capital revenue. The ostensible deficit is therefore $2.2 billion (38). New revenue measures are clearly inevitable.
to
74.
Recurrent revenue at $33.7 billion is estimated increase by $3.4 billion or 11.3% over the revised estimate for 1984-85. Earnings and profits taxes are expected to yield $14.8 billion (39), which is an increase of over 14% on 1984-85
reflecting the full year impact of the increases in tax rates introduced in last year's Budget aided by an improving economy.
(38)
$mn
$mn
Revenue :
Recurrent Capital
Expenditure:
33,671
2,530
36,201
Recurrent Capital
29,685
8,677
38,362
Surplus on recurrent account
3,986
Deficit on capital account
-6,147
Overall deficit
-2,161
(39)
Actual
Revised
Estimate
1983-84
1984-85
1985-86
($mn)
($mn)
($mn)
Profits tax
6,939
7,800
8,630
Salaries tax
3,399
4,110
5,000
Personal assessment
182
200
230
Interest tax
301
65
65
Property tax
602
810
900
Total
11,423
12,985
14,825
Profits tax :
Corporations
6,124
6,830
7,550
Other businesses
815
970
1,080
G.F. 316
UNCLASSED 2