APPENDICES
$ Million
Summary of Financial Position
Revised
Actual
Actual
Estimate
1995-96
1996-97
1997-98
Total Government Revenue
180,045
208,358
274,629
Less total Government Expenditure and
Equity Investments
183,158
182,680
197,664
Increase/(Decrease) in net worth of Land Fund
(2,072)
Consolidated surplus/(deficit)
(3,113)
25,678
74,893
Reserve balance at 1 April
151,040
147,927
370,677 †
Reserve balance at 31 March
147,927
173,605
445,570
*
Notes: (1) Including salaries tax, property tax and personal assessment tax.
(2) Including bets and sweeps tax, hotel accomodation tax, air passenger departure tax, Cross Harbour Tunnel passage tax and stamp duties. Including $43,543 million representing the Government's share of premium income from land transactions before 1 July 1997 and the full proceeds of $2,743 million from land transactions for the period 1 January 1998 to 31 March 1998 in accordance with the revised Capital Works Reserve Fund resolution passed by Provisional Legislative Council on 17 December 1997.
t
Including net worth of $197,072 million received from the trustees of the former SARG Land Fund at 1 July 1997.
Source: Finance Bureau, Government Secretariat.
(Enquiry Telephone No.: 2810 3659)
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