260

Appendix 7

(Chapter 3: Financial Structure)

Government Revenue and Receipts by Source (note 1) (See also Appendix 7a)

Item

Direct taxes

Earnings and profits tax

Estate duty

Sub-total

Indirect taxes

$ Million

Actual 1976–7

Actual 1977–8

Estimate 1978-9

Recur-

Recur-

Recur-

rent Capital

Total

rent Capital

Total

rent Capital Total

2 698-7

85-2

2 698.7

85.2

3 357-2

109.7

3357.2

109-7

3.990.0

120-0

3 990.0

120-0

2 698-7 85-2 2783-9

3 357-2 109.7 3 466-9

3.990.0 120-0 4110-0

General rates

618.7

618-7

722-9

722.9

795.0

795.0

Excise duties

680-7

680-7 733.6

733-6

741-8

741-8

Royalties and concessions

113.1

113.1

134.4 112.4

246.8

148-6 240-0

388-6

Stamp duties

427.7

427.7

490.0

490.0

395.0

395.0

Other taxes (note 2)

404.6

404.6

530.2

530.2

694-0

694-0

Sub-total

2 244.8

2 244.8

2611.1 112-4 2723-5

2 774-4 240-0 3014·4

Other re

revenue

Fines, forfeitures and penalties

Licences

Provision of goods and services

Income from properties and investments

Sub-total

Reimbursements, contributions and loan repayments

Reimbursements

Contributions

Loan repayments

Sub-total

Grants and loans

Grants

Loans

Sub-total

Total

70.5

240.0

70-5

240.0

86-3

86.3

92.0

269.9

269.9

282.3

1 089.5

1 089-5

1 154-7

1 154-7

1211.7

92-0

282-3

1211-7

368.3 557-3

925.6

442.1 1831-3

2273-4

438.0

874.5

1 312.5

1768-3 557-3 2325-6

1953-0 1831-3 3784-3

2 024-0 874-5 2898-5

101.4

101-4

36.2 - 136.2

186.9

42.5

186-9

177-7

177-7

T

42.5

44.0

44.0

1.6

116

1.6

1-6

1-5

1.5

137.6

1.6 139.2

229-4

1.6 231.0

221.7

1.5

223.2

26.9

26.9

26.9

26-9

6 849-4 644-1 7493-5 8 150-7 2081-9 10 232-6

9 010.1 1 236-0 10246-1

Note: 1 Government revenue excludes the income of the Housing Authority, the Urban Council and various funds

established by Resolution of the Legislative Council.

2 Other taxes comprise taxes on bets and sweeps, entertainment, hotel accommodation and motor vehicles.

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