240
Appendix 7
(Chapter 3: Financial Structure)
Government Revenue and Receipts by Source (note 1) (See also Appendix 7a)
$ Million
Actual 1975-6
Actual 1976-7
Recur-
Item
Direct taxes
rent Capital
Total
Recur-
rent Capital
Recur-
Total
Estimate 1977-8
rent Capital Total
Earnings and profits tax
2234.0
Estate duty
Sub-total
2 234-0
2 234-0 64.6 64.6
64.6 2298.6
2 698-7
2 698.7
85.2
85-2 2783-9
2 698.7 85.2
2926-0
88.0
2 926-0 88-0
2 926.0
88.0 3 014-0
Indirect taxes
General rates
Excise duties
Royalties and concessions
Stamp duties
Other taxes (note 2)
Sub-total
534-4
534-4
618.7
618-7
721.0
721-0
558.3
558.3
680-7
680-7
730.1
730-1
101.6
101.6
113-1
113-1
117.9
110.0
227-9
382.6
382.6
427.7
427-7
445-0
445.0
237-7
237.7
404.6
404.6
437.0
437·0
1 814-6
1814.6
2 244.8
2 244.8
2 451.0
110-0 2561-0
Other revenue
Fines, forfeitures and penalties
Licences
Provision of goods and services
54-7
219.5
924.9
54-7
70.5
219.5
240.0
70-5 240.0
73-5
269.5
73.5 269-5
924.9
Income from properties and investments
466-7 345.9 812.6
1 089.5 368-3
1089.5
1 144-7
1 144.7
557-3 925.6
334.6
736-0 1070-6
Sub-total
1 665-8
345-9 2011-7
1768-3
557-3 2325-6
1 822.3
736-0 2558-3
Reimbursements, contributions and loan
repayments
Reimbursements
Contributions
Loan repayments
Sub-total
96.8
96.8
101.4
101.4
103.3
32.2
32.2
36.2
36-2
36-3
36.3
1.7
1.7
1-6
1.6
1.6
1.6
129.0
1.7
130-7
137.6
1.6 139-2
139.6
1.6 141.2
103.3
Grants and loans
Grants
1.4
1.4
Loans
262.5 262.5
Sub-total
263.9 263.9
Total
5 843-4
676·1 6519-5
6 849.4
644-1 7 493-5 7338.9
935-6 8274-5
Development loan fund receipts
1
Land sale premia, Kwun Tong reclamation Loan repayments
0.5
0.5
0.2
0.2
17.4
17.4
23.8
23-8
0-1 23.8 23.8
0-1
Interest on investments and loans
50-0
50.0
43.0
43-0
65-2
65.2
Transfer from Revenue Reward Fund
3-3
3.3
0-2
0.2
0-1
0.1
Transfer from General Account
125-0
125-0
Realisation of investments
0-4
0.4
Sub-total
50.0
146.6
196.6
43.0
24.2
67.2
65.2 24-0
89-2
Lotteries fund receipts
Net proceeds from Government lotteries
5.8
5.8
12.2
12.2
5.4
5.4
Loan repayments
0.6
0.6
0.7
0-9
0-9
Interest
1.5
1.5
1.0
1.0
1.1
1-1
Other
0.6
0.6
1-2
1.2
0.8
0.8
Sub-total
7.9
0.6
8.5
14.4
0.7
15.1
7.3 0-9
8-2
Grand total
5.901.3
823-3 6724-6
6906-8 669-0-7575-8
7411.4 960-5 8371-9
Note: 1 Government revenue excludes the income of the Housing Authority and the Urban Council.
2 Other taxes comprise taxes on bets and sweeps, entertainment, hotel accommodation and motor vehicles.