14-OCT-1992 11:05
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The
As shown in Table A, the six departments each with recurrent expenditure in excess of $1 billion together with the Hospital Authority and Universities & Polytechnics account for over half of the total. two biggest Departments together with the Hospital Authority and Universities & Polytechnics account for 45% of the total.
Table B shows the Government's recurrent expenditure by financial components.
Personal emoluments
represent more than 60% of the total.
The Government's capital expenditure profile is shown
in Table C.
Main sources of revenue
Total Government revenue in 1992-93 is estimated to be $126 billion, of which internal revenue accounted for about 56% (or $71 billion).
of this $71 billion, profits
represents about 70% ($50 billion). Other internal
revenue
includes
hotel
(12%),
and salaries tax
stamp duty (11%),
tax bets
accommodation,
entertainment,
air
estate duty and taxes on personal assessment,
property, passenger departure and passage by the cross-harbour tunnel (7%).
The remaining 44% (or $55 billion) of estimated total Government revenue includes mainly revenue from rates ($5.3 billion),
levied on five groups of
commodities
alcoholic hydrocarbon oils,
liquors,
-
duties