APPENDICES
APPENDIX 1
13
(Chapter 5: The Economy)
Total Government Revenue and Expenditure and Summary of Financial Position
$ Million
Revenue
Actual 1995-96
Actual
Revised Estimate
1996-97
1997-98
Operating Revenue
Direct taxes
Earnings and profits tax (1)
77,419
83,966
88,500
Indirect taxes
Duties
7,899
8,450
8,778
General rates
5,806
6,285
6,310
Internal revenues
(2)
23,491
34,552
44,721
Motor vehicle taxes
2,880
3,249
4,033
Royalties and concessions
1,773
1,755
1,845
Other revenue
Fines, forfeitures and penalties
1,607
1,592
1,550
Properties and investments
2,488
2,926
7,152
Reimbursements and contributions
4,597
5,044
6,108
Utilities-
Airport and air services
3,482
3,793
4,138
Ferry terminals
299
298
266
Postal services
1,040
94
52
Water
2,378
2,423
2,429
Fees and charges
9,879
10,766
11,215
Interest
5,910
5,616
8,670
Total Operating Revenue
150,948
170,809
195,767
Capital Revenue
Direct taxes
Estate duty
Indirect taxes
1,277
1,510
1,580
Taxi concessions
23
Other revenue
Land transactions
418
451
Miscellaneous
551
1,087
17,866 2,987
Funds
Capital Works Reserve Fund (Land sales and interest)
22,478
Capital Investment Fund
2,681
29,057 3,023
48,502 * 4,026
Civil Service Pension Reserve Fund
384
501
646
Disaster Relief Fund
2
1
2
Loan Fund
1,306
1,919
3,230
Total Capital Revenue
Total Government Revenue
29,097
37,549
78,862
180,045
208,358
274,629
425