Table 8
APPENDICES
(Chapter 3: The Economy)
Total Government Revenue and Expenditure and Summary of Financial Position
$ Million
Revenue
Actual
1997-1998
Actual 2001-2002
Revised Estimate 2002-2003
Operating Revenue
Direct taxes
Earnings and profits tax (1)
91,524
77,749
71,400
Indirect taxes
Duties
8,465
6,981
6,593
General rates
6,258
12,727
8,832
Internal revenues (2)
44,263
21,077
19,380
Motor vehicle taxes
4,246
2,676
2,605
Royalties and concessions
1,889
1,881
1,728
Other revenue
Fines, forfeitures and penalties
1,566
926
817
Properties and investments
7,159
8,621
7,962
Reimbursements and contributions
6,042
4,154
3,963
Utilities-
Airport and air services
3,968
Ferry terminals
264
206
216
Postal services
53
Water
2,450
2,471
1,471
Sewage services
689
393
Fees and charges
11,279
10,916
9,699
Interest
8,976
225
2,681
Land Fund-Investment income
6,006
106
11,911
Total Operating Revenue
204,408
151.405
149,651
Capital Revenue
Indirect taxes
Estate duty
1,588
1,928
1,500
Taxi concessions
23
Other revenue
20,128
3,312
3,504
Funds
Capital Works Reserve Fund (Land sales and interest)
48,067
10,683
11,792
Capital Investment Fund
3,888
2,816
2,425
Civil Service Pension Reserve Fund
647
5
564
Disaster Relief Fund
2
1
Innovation and Technology Fund
27
230
Loan Fund
Total Capital Revenue
Total Government Revenue
2,475
5,382
3,679
76,818
24,154
23,694
281,226
175,559
173,345
465