APPENDICES
APPENDIX 13
(Chapter 4: The Economy)
Total Government Revenue and Expenditure and Summary of Financial Position
$ Million
Revenue
Actual
1997-98
Actual 1998-99
Revised Estimate 1999-2000
Operating Revenue
Direct taxes
Earnings and profits tax (1)
91,524
75,746
65,350
Indirect taxes
Duties
8.465
7,698
7.413
General rates
6,258
3,614
6,855
Internal revenues (2)
44,263
23,404
22,403
Motor vehicle taxes
4,246
2,237
2,554
Royalties and concessions
1,889
1,286
1,557
Other revenue
Fines, forfeitures and penalties
1,566
1.333
1,084
Properties and investments
7,159
8,335
6,817
Reimbursements and contributions
6,042
6,517
5,454
Utilities-
Airport and air services.
3,968
1,087
Ferry terminals
264
198
187
Postal services
53
Water
2,450
2,415
2,385
Sewage services
700
690
Fees and charges
11,279
10,565
10,823
Interest
8,976
21,568
15,664
Land Fund-Investment income
6,006 #
10,080 #
22,750
Total Operating Revenue
204,408
176,783
171,986
Capital Revenue
Direct taxes
Estate duty
Indirect taxes
1,588
1,237
1,250
Taxi concessions
23
Other revenue
Land transactions
17,864
Miscellaneous
2,264
2,453
2,071
Funds
Capital Works Reserve Fund (Land sales and interest)
48,067 *
25,686
38,387
Capital Investment Fund
3.888
6,329
2,669
Civil Service Pension Reserve Fund
647
1,091
1,128
Disaster Relief Fund
2
3
4
Innovation and Technology Fund
242
Loan Fund
Total Capital Revenue
Total Government Revenue
2,475
2,533
11,585
76,818
39,332
57,336
281,226
216,115
229,322
479