296
Appendix 7
(Chapter 3: The Economy)
Government Revenue by Source (Note (a))
(See also Appendix 7a)
Actual 1983-84
Actual 1984-85
Estimate 1985-86
$ Million
%
$ Million
%
$ Million
%
Recurrent Account
Direct taxes
Earnings and profits tax
11,422.9
41.9
13,515.2
44.2
14,675.0
42.1
Indirect taxes
Duties
2,583.6
9.5
2.343.6
7.7
3,149.0
General rates
1,155.5
4.2
1.222.2
4.0
1,760.0
Internal revenue (Note (b))
3,184.5
11.7
4.049.0
13.2
4,942.0
14.2
Motor vehicle taxes
316.3
1.2
349.7
1.1
400.0
Royalties and concessions
-
269.7
1.0
358.6
1.2
355.3
28929
9.0
5.0
1.2
1.0
7,509.6
27.6
8,323.1
27.2
10,606.3
30.4
Other revenue
Fines, forfeitures and penalties
343.1
1.3
365.5
1.2
Revenue from properties and investments
2,638.3
9.7
2,395.0
7.8
Reimbursements and contributions
831.4
3.0
1,021.0
3.3
2*3
396.0 2,250.0
1,061.8
Utilities-
Airport and air services
690.6
2.5
753.4
2.5
804.8
Car parks
69.3
0.3
4.8
4.9
Government quarries
52.4
0.2
57.1
0.2
58.0
Postal services
656.9
2.4
751.6
2.5
891.0
Tunnels
48.2
0.2
71.7
0.2
103.0
Water
575.4
2.1
682.6
2.2
836.4
Fees and charges (Note (c))
2,412.5
8.8
2,640.2
8.7
3,184.0
PRONGIN wa
6.5
3.0
2.3
0.2
2.6
0.3
2.4
9.1
8,318.1
30.5
8,742.9
28.6
9,589.9
27.5
Recurrent Revenue
27,250.6
100.0
30,581.2
100.0
34,871.2
100.0
Capital Account
Direct taxes
Estate duty
Indirect taxes
Taxi concessions
315.8
10.0
300.4
5.2
300.0
11.9
191.5
6.1
119.7
2.1
40.0
1.6
Other revenue
Land transactions
2,267.1
72.0
4.267.2
74.1
1,700.0
67.2
Donations and grants
111.5
3.6
51.0
0.9
80.0
3.1
Repayments of loans and advances
13.2
0.4
18.5
0.3
10.0
0.4
Proceeds from the issue of bonds
1,004.5
17.4
Other (Note (d))
250.0
7.9
400.0
15.8
2,641.8
83.9
5,341.2
92.7
2,190.0
86.5
Capital Revenue
Total Revenue
3,149.1
100.0
5,761.3
100.0
2,530.0
100.0
30,399.7
36,342.5
37,401.2
Notes: (a) Government revenue excludes the income of the Housing Authority, the Urban Council and various funds established by Resolution of the
Legislative Council.
(b) Comprising taxes on bets and sweeps, entertainments, hotel accommodation, air passenger departures, Cross Harbour Tunnel passages
and stamp duties.
(c) From 1984-85 onwards, Fees and charges includes business registration fees.
(d) Includes $250 million transferred from the Exchange Fund in 1983-84 and $400 million transferred from the Home Ownership Fund in
1985-86.