11.2.87
SECRET
40
General Revenue Account - Draft Estimates of Revenue
78.
Turning now to revenue, before allowing for
any new budgetary measures, total revenue on General
Revenue Account is estimated to be $46.5 billion (25).
This estimate reflects the good economic performance we
have enjoyed in the current year, which will still be
feeding through into tax receipts in 1987-88.
79.
As in 1986-87, profits tax receipts are again
expected to run ahead of economic growth. But I must be
cautious in estimating the yield in some other areas where
the level of activity in 1986 might not be fully sustained.
(25)
Recurrent revenue Capital revenue
SECRET
Draft Estimates
1987-88 T$mn]
45,624 878
46,502