440
APPENDICES
$ Million
Summary of Financial Position
Revised
Actual
Actual
Estimate
1996-97
1997-98
1998-99
Total Government Revenue
208,358
281,226
212,830
Less total Government Expenditure and
Equity Investments
182,680
194,360
245,096
Consolidated surplus/(deficit)
25,678
86,866
(32,266)
Reserve balance at 1 April
147,927
370,677 +
457,543
Reserve balance at 31 March
173,605
457,543
425,277
Notes: (1) Including salaries tax, profits tax, property tax and personal assessment tax.
(2) Including bets and sweeps tax, hotel accommodation 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 $2,213 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.
Including net worth of $197,072 million received from the trustees of the former Government of the Hong Kong Special Administrative Region Land Fund at 1 July 1997,
Including change in net worth of investments.
+
#
Not applicable.
Source:
Finance Bureau, Government Secretariat.
(Enquiry Telephone No.: 2810 3658)
Page 540Page 541