ENG-1980 — Page 351

268

Appendix 9

(Chapter 3: Financial System and Economy)

Comparative Statement of Recurrent and Capital Income and Expenditure

269

$ Million

Income

Actual 1978-79

Actual 1979-80

Estimate

Expenditure

Actual

Actual

Estimate

1980-81

1978-79

1979-80

1980-81

Duties

Direct taxes

Indirect taxes

General rates

Recurrent Account

Earnings and profits tax

Recurrent Account

4,114.6

5,723.6

6,493.9

Personal emoluments

2,892.1

3,517.1

4,065.7

Departmental recurrent expenditure

1,075.9

1,286.3

1,545.4

830.4

883.2

942.0

Public Works Recurrent

427.7

530.9

699.2

806.9

889.3

973.0

Subventions

Internal revenue (note 1)

1,581.6

1,944.5

2,249.3

1,324.5

1,662.3

1,485.0

Motor vehicles taxes

259.1

359.0

365.0

University and Polytechnic Grants Committee

348.1

410.6

456.8

Franchises

74.1

83.0

96.1

Airport concessions

Defence

363.1

447.1

440.5

88.0

120.3

114.8

Pensions

262.0

326.3

366.6

Other revenue

Fines, forfeitures and penalties

109.1

122.8

117.0

Miscellaneous

357.6

402.4

878.5

Licences (note 2)

320.6

388.3

431.9

Fees and receipts

591.2

716.5

Transfer to Capital Account

1,371.3

1,684.1

1,009.8

749.3

Revenue from properties and investments

614.6

1,325.5

1,239.0

Surplus

1,466.9

2,923.8

2,594.3

Reimbursements

216.3

253.6

267.1

Water

225.6

294.2

348.5

Postal services

298.5

337.1

353.0

Airport and air services

226.5

255.7

265.3

Kowloon-Canton Railway

46.3

58.7

65.2

10,146.3

13,473.1

14,306.1

10,146.3

13,473.1

14,306.1

Capital Account

Direct taxes

Estate duty

Indirect taxes

Capital Account

128.5

199.7

165.0

Public Works Programme (other than New Towns and Housing)

Buildings

271.6

771.0

312.5

Engineering

650.0

769.5

1,287.5

Taxi concessions

249.9

265.9

275.0

Waterworks

98.8

123.7

216.6

Other revenue

Public Works Non-recurrent: Headquarters

209.6

148.3

Land sales

2,007.8

2,845.2

6,249.2

Contributions towards projects

Public Works Programme (New Towns and Housing)

1,043.9

1,279.9

1,542.2

25.0

Loan repayments

13.7

1.4

1.4

Land Acquisitions

441.2

Sale of Associated Properties Limited Shares

10.8

10.8

14.3

Transfer to Development Loan Fund for Housing Authority

620.0

1,171.1

1,831.0

Deficit on Capital Account met by transfer from Revenue Account

1,371.3

1,684.1

1,009.8

Transfer to Home Ownership Fund

399.4

80.0

Other capital expenditure

Subventions

48.7

93.4

175.7

University and Polytechnic Grants Committee

65.2

135.3

287.5

Departmental special expenditure

105.3

182.8

316.8

Defence Costs Agreement: Capital works

37.6

25.4

33.3

Miscellaneous (including public debt)

231.9

306.7

1,215.4

3,782.0

5,007.1

7,739.7

3,782.0

5,007.1

7,739.7

Note: 1. Comprising taxes on bets and sweeps, entertainment, hotel accommodation and stamp duties.

2. Including business registration fees.