Appendix A(2)
GENERAL REVENUE ACCOUNT
Background
The General Revenue Account (GRA) is the main operating account through which the Government's finances are controlled. The following tables summarize the estimates for 1987-88 making due allowance for revenue measures proposed in this budget and set these estimates in their historic context.
Summary
Revised
Actual
Estimate
Estimate
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
$mn
$mn
Smn
$mn
$mn
$mn
OPENING BALANCE
22,570
19,070
16,077
15,518
16,961
20,038
Expenditure
21,844
24,213
27,396
30,745
33,931
37,809
Revenue
30,698
30,150
36,343
41,241
43,108
46,177*
Surplus before Fund Transfers
8,854
5,937
8,947
10,496
9,177
8,368
Transfers to Funds
12,754
9,180
9,506
9,053
6,100
6,600
Transfers from Funds
400
250
Surplus/(Deficit) after Fund Transfers
(3,500)
(2,993)
(559)
1,443
3,077
1,768
CLOSING BALANCE
19,070
16,077
15,518
16,961
20,038
21,806
* After revenue proposals
Statistical Analysis (Revenue)
Actual
Revised Estimate
Estimate (After Revenue Proposals)
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
Direct Tax as % of Direct+Indirect Taxes
69%
60%
62%
60%
61%
62%
Direct Tax as % of Total Revenue
39%
39%
38%
41%
45%
48%
Recurrent Revenue as % of Total Revenue
80%
90%
84%
88%
96%
98%
Capital Revenue as % of Total Revenue
20%
10%
16%
12%
4%
2%
7
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