242
Appendix 7
(Chapter 3: Financial Structure)
Government Revenue by Source
(See also Appendix 7a)
Actual 1974-5
Actual 1975-6
$ Million
Estimate 1976-7
Item
Recur- rent
Capital Total
Recur- rent
Capital Total
Recur- rent
Capital Total
Direct taxes
Earnings and profits tax Estate duty
Sub-total
::
2,143.8
2,143.8
2,143.8 42.4 42.4
42.4 2,186.2 2,234.0
2,234.0
2,234.0 64.6 64.6
64.6 2,298.6
2,428.0
2,428.0
62.0 62.0
2,428.0
62.0 2,490.0
Indirect taxes
General rates...
407.9
407,9
534.4
534.4 615.0
615.0
Excise duties
473.2
473.2
558.3
558.3
647,9
647.9
Royalties and concessions
82.1
82.1
101.6
101.6
106.5
0.2 106.7
Stamp duties
303.0
303.0
382.6
382.6
420,0
420.0
Other taxes (note 2)..
137.8
137.8
237.7
237.7
265.0
265,0
+
Sub-total
1,404.0
1,404.0
1,814.6
1,814.6
2,054.4
0.2 2,054.6
Other revenue
Fines, forfeitures and penalties
45,6
45.6
54.7
54.7
53.2
Licences
168.6
168.6
219.5
219.5
235.1
53.2 235.1
Provision of goods and services
713.9
713.9
924.9
Income from properties and investments...
524.1 287.4 811.5
466.7
924.9 345.9 812.6
1,042.5
1,042.5
426.8
423.2 850.0
Sub-total
1,452.2
287.4 1,739.6
1,665.8
345.9 2,011.7
1,757.6 423.2 2,180.8
Reimbursements, contributions and loan
repayments
Reimbursements (note 3)
Contributions (note 3)
Loan repayments
Sub-total
Grants and loans
407.9
30.0 11.7 41.7
2.0
93.9 501.8
96.8
96.8
95,7
95.7
32.2
32,2
33.3
33.3
2.0
1.7
1.7
2.1 2.1
437.9 107.6 545.5
129.0
1.7
130.7
129.0
•
2.1 131.1
Grants
Loans
Sub-total
Total
::
::
1.4
1.4
262.5
262.5
5,437,9 437,4 5,875.3
263.9 263.9
5,843.4 676.1 6,519.5 6,369.0 487.5 6,856.5
Development loan fund receipts
Land sale premia, Kwun Tong reclamation
Loan repayments
Interest on investments and loans..
Transfer from Revenue Reward Fund
Transfer from General Account
Realisation of investments ...
Sub-total
-
38.5
1.9 1.9 17.0 17.0 38.5 10.0 10.0 20.0 20.0
0.5
0.5
17.4
17.4
0.1 0.1 17.9 17.9
50.0
50.0
58.5
58.5
3.3
3.3
0.1
0.1
125.0
125.0
0.4
0.4
38.5
48.9 87.4
50.0 146.6 196.6
58.5
18.1 76.6
-
Lotteries fund receipts
Net proceeds from Government lotteries...
6.7
6.7
5.8
5.8
2.0
Loan repayments
0.4
0.4
---
Interest
2.4
2.4
---
Other
0.9
0.9
1285
0.6
0.6
0.8
1.5
1.5
1.0
0.6
0.6
0.3
2898
2.0
0,8
1.0
0.3
Sub-total
Grand total
10.0
0.4 10.4
7.9 0.6
8.5
3.3
0.8 4.1
:
6,430.8 506.4 6,937.2
**
Note: 1.
2.
3.
5,486.4 486.7 5,973.1 5.901.3 823.3 6.724.6
Government revenue excludes a portion transferred to the Housing Authority and the Urban Council. Other taxes comprises taxes on bets and sweeps, entertainment, hotel accommodation and motor vehicles. Following the introduction of a 'below-the-line' account, no contributions were paid into General Revenue from 1975-6.
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