246
247
Appendix
9
(Chapter 3: Financial
Structure)
Comparative Statement of Recurrent
and Capital Income and Expenditure
$ Million
Actual
1974-5
Actual 1975-6
Estimate
Actual
Actual
1976-7
1974-5
1975-6
Estimate 1976-7
Franchises
Recurrent Account
Direct taxes
Earnings and profits tax
Indirect taxes
Duties
General rates
Internal revenue (note 2)
Motor vehicles taxes
Airport concessions
Other revenue
Recurrent Account
Personal emoluments
1,956.2
1,781.5
1,969.6
:
:
:
:
2,143.8
2,234.0
2,428.0
Departmental recurrent expenditure
739.3
781.2
937.2
Public Works Recurrent
263.5
277.4
334.9
473.2
558.3
647.9
Subventions
880.5
949.5
...
1,067.9
407.9
534.4
615.0
409.0
571.5
636.0
University and Polytechnic Grants Committee
187.4
216.8
244.2
31.8
48.8
49.0
Defence
59.6
51.4
189.4
39.7
50.9
57.3
Pensions
150.6
165.8
201.3
42.4
50.7
49.2
Miscellaneous
219.8
226.5
344.4
Fines, forfeitures and penalties
45.6
54.7
53.2
Transfer to Capital Account
1,360.9
906.0
1,435.5
Licences (note 3)
167.9
218.7
233.3
Surplus
487.3
Fees and receipts
249.4
339.0
386.7
Revenue from properties and investments
484.7
411.5
377.9
Reimbursements
439.2
130.7
131.1
Water
168.1
187.3
232.2
Postal services
183.7
250.5
248.2
Airport and air services
125.8
167.8
183.7
Kowloon-Canton Railway
Deficit
25.7
34.6
40.3
379.9
355.4
...
5,817.8
5,843.4
6,724.4
5,817.8
5,843.4
6,724.4
Capital Account
Direct taxes
Estate duty
Indirect taxes
Taxi concessions ...
Other revenue
Land sales
Contributions towards projects
Loan repayments
Capital Account
Public Works Programme (other than New Towns and
:
42.4
64.6
62.0
Housing)
Buildings
405.5
116.4
226.7
Engineering
523.1
308.8
457.6
:
0.2
Waterworks
483.1
295.6
230.1
Public Works Non-recurrent: Headquarters
:
106,4
38.2
93.4
287.4
345.9
423.2
11.7
Public Works Programme (New Towns and Housing)
387.8
593.8
2.0
1.7
2.1
Mass Transit Railway Provisional Authority
93.9
Transfer to Development Loan Fund for Housing Authority... Other capital expenditure
20.0
125.0
Grants and loans
263.9
...
Subventions
68.0
44.3
52.8
Deficit on Capital Account met by transfer from Revenue
Account
1,360.9
906.0
1,435.5
University and Polytechnic Grants Committee Departmental special expenditure
37.0
92.6
47.2
79.3
69.3
120.3
Defence Cost Agreement: Capital works
37.9
44.4
25.8
Miscellaneous (including public debt) .......
38,0
59.7
75.3
1,798.3
1,582.1
1,923.0
1,798.3
1,582.1
1,923.0
Note: 1.
2.
3.
Government revenue and expenditure exclude those transferred to the Housing Authority and the Urban Internal revenue comprising taxes on bets and sweeps, entertainment, hotel accommodation and stamp duties, Licences including business registration fees.
Council.