480
APPENDICES
$ Million
Summary of Financial Position
Revised
Actual
Actual
Estimate
1998-1999
2002-2003
2003-2004
Total Government Revenue
216,115
177,489
203,837
Less total Government Expenditure and
Equity Investments
239,356
239,177
252,860
Consolidated surplus/(deficit)
(23,241)
(61,688)
(49,023)
Reserve balance at 1 April
457,543
372,503
311,402
Lotteries Fund balance at 1 April (3)
4,069
Write-back of Provision for loss in investments with the
587
Exchange Fund (4)
Reserve balance at 31 March
434,302
311,402
266,448
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) The Lotteries Fund was included in the Consolidated Accounts of the Government with effect from 1 April 2003.
(4) 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)