264
Appendix 7
(Chapter 3: Financial System and Economy)
Government Revenue and Receipts by Source (note 1) (See also Appendix 7a)
Item
Direct taxes
$ Million
Actual 1978-79
Actual 1979-80
Estimate 1980–81
Recur-
Recur-
Recur-
rent Capital Total
rent Capital Total
rent Capital Total
Earnings and profits tax
4,114.6
Estate duty
Sub-total
4,114.6
4,114.6
128.5 128.5
128,5 4,243.1
5,723.6
5,723.6
5,723.6
199.7 199.7
199.7 5,923.3 6,493.9
6,493.9
6,493.9
165.0 165.0
165.0 6,658.9
Indirect taxes
General rates
806.9
806.9
889.3
889.3
973.0
973.0
Excise duties
830.4
830.4
883.2
883.2
942.0
942.0
Royalties and concessions
161.9 249.9
411.8
203.3
265.9
469.2
210.9 275.0 485.9
Stamp duties
761.8
761.8
933.6
933.6
683.0
683.0
Other taxes (note 2)
821.8
821.8
1,087.7
1,087.7
1,167.0
1,167.0
Sub-total
3,382.8
249.9 3,632.7
3,997.1
265.9 4,263.0
3,975.9– 275.0 4,250.9
Other revenue
Fines, forfeitures and penalties
Licences
109.1
109.1
122.8
122.8
117.0
117.0
323.3
323.3
391.1
391.1
435.3
435.3
Provision of goods and services
1,308.8
1,308.8
1,572.9
1,572.9
1,696.1
1,696.1
Income from properties and investments
Sub-total
694.9 2,018.6 2,713.5
2,436.1 2,018.6 4,454.7
1,415.6 2,856.0 4,271.6
3,502.4 2,856,0 6,358,4
1,325.4 6,263.5 7,588.9
3,573.8 6,263.5 9,837.3
Reimbursements, contributions
and loan repayments
Reimbursements
Contributions
Loan repayments
Sub-total
Total
165.7
165.7
197.3
47.1
47.1
52.7
197.3
52.7
208.9
25.0 233.9
53.6
53.6
13.7
13.7
1.4
1.4
1.4
1.4
212.8
13.7 226.5
1.4 251.4
10,146.3 2,410.7 12,557.0 13,473.1 3,323.0 16,796.1
250.0
262.5 26.4 288.9
14,306.1 6,729.9 21,036.0
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.