Operating Statement
Appendix C-Contd.
Table 1
Defines the relationship between expenditure and revenue of a regular (recurrent) nature, i.e. it excludes both capital expenditure and revenue which are a collection of major one-off items and therefore unpredictable.
Revised Estimate
Projection
1986-87
1987-88
1988-89
1989-90
1990-91
Smn
Smn
$mn
$mn
$mn
Recurrent Expenditure
32,400
35,790
39,860
44,350
49,330
Capital Expenditure of a regular nature
710
950
1,150
1,050
1,100
Total Operating Expenditure
33,110
36,740
41,010
45,400
50,430
Recurrent Revenue before interest
40,080
43,970
48,370
52,940
57,930
Operating Surplus before interest
6,970
7,230
7,360
7,540
7,500
Interest on Balances
1,110
1,350
1,620
1,650
1,660
Operating Surplus after interest
8,080
8,580
8,980
9,190
9,160
sales.
Capital Expenditure and Financing Statement
Table 2
Indicates the extent to which capital expenditure on major works etc. is met by capital revenue such as land
Revised Estimate
Projection
1986-87
1987-88
1988-89
1989--90
1990-91
Smn
$mn
$mn
$mn
Smn
Capital Expenditure
General Revenue Account
830
1,060
1,210
1,110
1,010
Capital Works Reserve Fund
6,500
7,050
8,390
9,350
9,920
Other Funds*
2,530
3,640
2,660
4,190
2,720
Bond issue repayment
1,000
Total Capital Expenditure
9,860
11,750
12,260
15,650
13,650
Capital Revenue
General Revenue Account
1,920
850
780
780
800
Capital Works Reserve Fund (land sales and interest)
2,240
2,220
2,400
2,510
2,620
Other Funds*
2,590
2,500
2,400
2,450
2,560
Total Capital Revenue
6,750
5,570
5,580
5,740
5,980
Capital Financing (Deficit)
(3,110)
(6,180)
(6,680)
(9,910)
(7,670)
*
Development Loan Fund, Home Ownership Fund, Mass Transit Fund and Student Loan Fund.
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