+
77.
Provision is made
for
transferring a total of
$6.6 billion to our various funds to finance capital expenditure.
General Revenue Account Draft Estimates of Revenue
78.
1
Turning now to the draft estimates of revenue, before
allowing for any new budgetary measures, total revenue on
General Revenue Account is estimated to be $46.5 billion (25).
This estimate reflects the good economic performance we have enjoyed in the current year, which will still be feeding through
into tax receipts in 1987-88.
79.
As in 1986-87, profits tax receipts are again expected
to run ahead of economic growth. But I must be cautious in
estimating the yield in some other areas where the level of
activity in 1986 might not be fully sustained.
General Revenue Account
Summary of Draft Estimates
80.
Taken together,
revenue and expenditure
Revenue Account show a
surplus of $2.1 billion before taking into account any revenue
therefore, the draft estimates of
on General
(25)
Recurrent revenue Capital revenue
23
Draft Estimates 1987-88
($mn)
45,624
878
46,502
/proposals
: