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APPENDICES
APPENDIX 8
(Chapter 5: The Economy)
Total Government Revenue and Expenditure
$ Million
Revenue
Original
Actual
Actual
Estimate
1987-88
1988-89
1989-90
Operating Revenue
Direct taxes
Earnings and profits tax
24,772
29,662
33,715
Indirect taxes
Duties
3,389
4,173
4,710
General rates
1,373
1,517
1,625
Internal revenue (Note 1)
9,723
10,423
10,516
Motor vehicle taxes
1,448
1,922
1,925
Royalties and concessions
511
598
686
Other revenue
Fines, forfeitures and penalties
462
495
503
Properties and investments
761
2,152
2,139
Reimbursements and contributions
1,528
1,765
1.644
Utilities:
== Airport and air services
999
1,228
1,407
Car parks
5
6
1
Ferry terminals
113
157
Government quarries
16
14
20
Postal services
Tunnels
Water
Fees and charges
Interest
Total Operating Revenue
Capital Revenue
Direct taxes
Estate duty
Indirect taxes
Taxi concessions
Land transactions
1,240
1,451
1,612
149
161
179
1,003
1.122
1,326
4,804
4,681
5,315
1,372
2,819
4,458
53,555
64,302
71,938
486
447
460
120
69
136
Other revenue
461
365
171
Repayment of loans, donations and other receipts
20
89
72
Proceeds from commercial profit sharing arrangements
509
Funds
Capital Works Reserve Fund (Land sales and interest) Development Loan Fund
3,513
6,393
7,040
810
401
632
Home Ownership Fund
1,835
Student Loan Fund
75
83
90
Total Capital Revenue
7,320
8,356
8,601
Total Government Revenue
60,875
72,658
80,539
Note 1: Including bets and sweeps tax, entertainment tax, hotel accommodation tax, air passenger departure tax, Cross Harbour Tunnel passage tax and
stamp duties.
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