222
Appendix 9
223
(Chapter 3: Financial
Structure)
Comparative Statement of Recurrent
and Capital Income and Expenditure
$ Million
Actual 1973-4
Actual 1974-5
Estimate 1975-6
Actual
Actual
Estimate
1973-4
1974-5
1975-6
Recurrent Account
Direct taxes
Earnings and profits tax
Indirect taxes
Duties
Rates
Internal revenue (note 2)`
Motor vehicles taxes
Franchises
Airport concessions
Other revenue
Fines, forfeitures and penalties
Licences (note 3)
Fees and receipts
:
:
Revenue from properties and investments
Water
Postal services
Airport and air services.
Kowloon-Canton Railway
Reimbursements
Deficit
...
Recurrent Account
Personal emoluments
1,561.4
1,956.2
1,739.7
:
:
:
::
:
1,679.8
2,143.8 2,247.0
Departmental recurrent expenditure (excluding unallocated
stores)
498.1
739.3
799.2
...
441.7
473,2
555.1
Public Works Recurrent
224.1
263.5
323.7
368.9
407.9
536.9
Subventions ...
742.2
880.5
1,014.1
534.6
409.0
451.9
46.4
31.8
28.0
University and Polytechnic Grants Committee..
159.1
187.4
208.4
34.3
39.7
49.1
Defence
56.3
59.6
53.3
45.2
42.4
56.0
Pensions
116.7
150.6
174.3
Miscellaneous
98.4
219.8
305.5
54.4
45.6
51.7
115.4
167.9
223.0
Transfer to Capital Account
1,246.5
1,360.9
1,567.8
250.4
249.4
353.0
Surplus
71.6
:
403.2
484.7
436,2
171.9
168.1
208.4
173.6
183.7
218.5
109.8
125.8
179.9
24.5
25.7
31.3
320.3
439.2
128.6
379.9
431.4
4,774.4
5,817.8
6,186.0
4,774.4
5,817.8
6,186.0
Capital Account
Direct taxes
Estate duty
Indirect taxes
Taxi concessions ...
Capital Account
Public Works Programme (other than New Towns and
:
50.1
42.4
40.0
Housing)
Buildings
251.0
405.5
218.1
84.8
Engineering
391.9
523.1
412.9
:
Waterworks
371.3
483.1
354.1
Other revenue
Public Works Non-recurrent
Land sales
Contributions towards projects
Loan repayments
Mass Transit Railway Provisional Authority
Deficit on Capital Account met by transfer from Revenue
Account
318.6
287.4
356.6
:
:
Headquarters
133.9
106.4
85.1
10.3
11.7
2.6
2.0
2.8
Public Works Programme (New Towns and Housing)
530.7
93.9
30.0
Transfer to Development Loan Fund for Housing Authority Other capital expenditure
20.0
25.2
1,246.5
1,360.9
1,567.8
Subventions
73.7
68.0
78.2
University and Polytechnic Grants Committee
25.6
37.0
81.7
Departmental special expenditure
50.1
79.3
94.0
Special works for the Armed Services
32.2
37.9
58.3
Contribution to Mass Transit Fund
300.0
Miscellaneous (including public debt) ...
83.2
38.0
58.9
1,712.9
1,798.3
1,997.2
1,712.9
1,798.3
1,997.2
Note:
2.
3.
1. From April 1, 1973 revenue and expenditure exclude those transferred to the Hong Kong Housing Authority
Internal revenue comprising taxes on bets and sweeps, entertainment, hotel accommodation and stamp duties. Licences including business registration fees.
ad the Urban Council.