ENG-1981 — Page 354

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Appendix 9

(Chapter 3: Financial System and Economy)

Comparative Statement of Recurrent and Capital Income and Expenditure

273

$ Million

$ Million

Income

Expenditure

Actual 1979-80

Actual 1980-81

Estimate 1981-82

Actual

Actual

Estimate

1979-80

1980-81

1981-82

Direct taxes

Indirect taxes

Duties

General rates

Recurrent Account

Earnings and profits tax

Recurrent Account

Personal emoluments

3,517.1

4,670.6

5,270.7

5,723.6

7,964.6

8,923.0

Departmental recurrent expenditure

1,286.3

1,741.3

2,289.7

883.2

917.4

943.1

Public Works Recurrent

530.9

739.0

890.7

889.3

986.1

1,061.0

Subventions

1,944.5

2,633.1

2.869.1

Internal revenue (note 1)

1,662.3

2,961.9

2,266.0

Motor vehicles taxes

359.0

423.3

435.0

University and Polytechnic Grants Committee

410.6

580.5

656.4

Franchises

83.0

111.7

116.5

Defence

447.1

618.9

1,374.6

Other revenue

Pensions

326.3

423.7

448.9

Fines, forfeitures and penalties

122.8

213.0

289.8

Fees and charges (note 2)

1,104.8

1,438.8

1,411.2

Miscellaneous (including public debt)

402.4

512.0

1,387.8

Revenue from properties and investments

1,325.5

2,313.3

3,384.3

Transfer to Capital Account

1,684.1

335.7

Reimbursements

253.6

346.7

353.2

Water

294.2

357.8

367.5

Surplus

2,923.8

6,696.8

5,417.3

Postal services

337.1

379.4

434.5

Airport and air services

255.7

306.5

352.5

Airport concessions

120.3

154.8

179.0

Kowloon-Canton Railway

58.7

76.3

88.6

13,473.1

18,951.6

20,605.2

13,473.1

18,951.6

20,605.2

Capital Account

Direct taxes

Estate duty

Indirect taxes

Taxi concessions

Capital Account

Public Works Programme (other than New Towns and Housing)

199.7

251.4

237.0

Buildings

771.0

333.4

507.0

Engineering

769.5

1,244.3

1,693.0

265.9

287.9

86.0

Waterworks

123.7

192.1

450.0

Other revenue

Public Works Non-recurrent: Headquarters

148.3

636.2

Land transactions

2,845.2

Contributions towards projects

Loan repayments

1.4

Sale of Associated Properties Limited Shares

10.8

10,769.8 13.5 1.8 14.3

11,830.0 127.6 1.9

Public Works Programme (New Towns and Housing)

1,279.9

1,385.8

1,888.0

Land Acquisitions

800.0

Transfer to Development Loan Fund for Housing Authority

1,171.1

2,231.0

2,114.0

Deficit on Capital Account met by transfer from Revenue Account

1,684.1

335.7

Transfer to Home Ownership Fund

80.0

332.0

Other capital expenditure

Subventions

93.4

144.8

283.0

University and Polytechnic Grants Committee

135.3

237.1

181.7

Departmental special expenditure

182.8

247.0

471.4

Defence Costs Agreement: Capital works

Miscellaneous

Surplus

25.4 306.7

18.0

118.7

4,924.7

1,035.1

2,408.6

5,007.1

11,674.4

12,282.5

5,007.1

11,674.4

12,282.5

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

2. Including business registration fees.