264
Appendix 9
(Chapter 3: Financial Structure)
Comparative Statement of Recurrent and Capital Income and Expenditure
265
$ Million
Income
Expenditure
Actual 1976-7
Actual 1977-8
Estimate 1978-9
Actual
Actual
1976-7
1977-8
Recurrent Account
Direct taxes
Earnings and profits tax
Recurrent Account
Personal emoluments
2 135.0
2475.0
Estimate 1978-9
2771.3
2 698.7
3 357.2
3 990.0
Departmental recurrent expenditure
793-8
844.6
1 064-0
Duties
Indirect taxes
General rates
680.7
733.6
741.8
Public Works Recurrent
287.1
457-6
472-4
618.7
722.9
795.0
Subventions
1 121.7
1 327.0
1 524.4
Internal revenue (note 1)
730.3
872.2
924.0
Motor vehicles taxes
102.0
148.0
165.0
University and Polytechnic Grants Committee
255.4
306.8
332.7
Franchises
51.3
63.4
73.9
Defence
194-8
270-3
329-3
Airport concessions
61.8
71.0
74-7
Pensions
193.9
233.9
256.6
Other revenue
Miscellaneous
241.7
304-0
571-8
Fines, forfeitures and penalties
70.5
86.3
92.0
Licences (note 2)
237.0
267.4
280-0
Transfer to Capital Account
723-4
695.8
1 707.4
Fees and receipts
417.4
509.6
496.1
Surplus
902-6
1235-7
Revenue from properties and investments
322-9
375-2
371-3
Reimbursements
140·0
231.8
224-3
Water
222.2
206.7
229.0
Postal services
288-0
266.6
286-1
Airport and air services
175.2
200-3
223.8
Kowloon-Canton Railway
32.7
38.5
43.1
Deficit
19.8
6 849-4
8 150-7
9 029.9
6 849.4
8 150-7
9 029.9
Capital Account
Direct taxes
Estate duty
Indirect taxes
Taxi concessions
Other revenue
Capital Account
Public Works Programme (other than New Towns and
85.2
109.7
120-0
Housing)
Building
143.7
169.9
178-9
112-4
240-0
Engineering
254.9
406.3
440.8
Waterworks
268-4
107.3
138-2
Land sales
557-3
1 831-3
874-5
Public Works Non-recurrent: Headquarters
60.1
69-2
99.9
Loan repayments
1.6
Loans and grants
1.6 26.9
1.5
Public Works Programme (New Towns and Housing) Transfer to Development Loan Fund for Housing Authority
400-9
684.2
750-2
100.0
400.0
Deficit on Capital Account met by transfer from Revenue
Account
723.4
695.8
1 707-4
Transfer to Home Ownership Fund
587-1
399.4
Other capital expenditure
Subventions
32.1
52.5
113.9
University and Polytechnic Grants Committee
40.1
24.5
70.8
Departmental special expenditure
74-4
76.2
201-0
Defence Costs Agreement: Capital works
22.0
23.4
29.5
Miscellaneous (including public debt)
70-9
477-1
120.8
1 367.5
2777-7
2 943-4
1367.5
2777-7
2943.4
Note: 1 Comprising taxes on bets and sweeps, entertainment, hotel accommodation and stamp duties,
2 Including business registration fees.