APPENDICES
$ Million
Summary of Financial Position
Revised
Actual
Actual
Estimate
1997-1998
2001-2002
2002-2003
Total Government Revenue
281,226
175,559
173.345
Less total Government Expenditure and
Equity Investments
194,360
238,890
243,390
Consolidated surplus/(deficit)
86,866
(63,331)
(70,045)
Reserve balance at 1 April
370,677
430,278
372,503
Write-back of Provision for loss in investments with the
5,556
587
Exchange Fund (3)
Reserve balance at 31 March
457,543
372,503
303,045
Notes: (1) Including salaries tax, profits tax, property tax and personal assessment.
(2) Including bets and sweeps tax, hotel accommodation tax, air passenger departure tax, Cross-Harbour Tunnel passage tax and stamp
duties.
(3) In 2001-02, the amount refers to the write-back of the provision in 2000–01, less the estmiated amount required to meet the diminution
in the market value of investments with the Exchange Fund in January 2002.
In 2002-03, the amount refers to the balance of the provision to be written back.
Source: Financial Services and the Treasury Bureau, Government Secretariat.
(Enquiry Telephone No.: 2810 3658)
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