ENG-1987 — Page 393

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Appendix 11

(Chapter 5: The Economy)

Total Government Revenue and Expenditure

Revenue

Actual 1985-86

Actual 1986-87

$ Million

Estimate 1987-88

337

$ Million

Expenditure

Actual

Actual

1985-86

1986-87

Estimate 1987--88

Direct taxes

Indirect taxes

Duties

General rates

Internal revenue (Note)

Motor vehicle taxes

Operating Revenue

Earnings and profits tax

Operating Expenditure

16,603

18,751

21,605

Recurrent Expenditure

Personal Emoluments

10,963

12,184

12,675

Personnel Related Expenses

1,183

1,360

1,461

3,092

3,467

3,723

Pensions

1,226

1,290

1,447

1,770

1,188

1,290

Departmental Expenses

2,907

3,159

3,619

5,182

6,896

6,680

Other Charges

4,838

5,157

6,814

634

964

1,080

Subventions-

Royalties and concessions

378

465

447

Education

4,228

4,883

5,013

Medical

1,060

1,219

1,283

Other revenue

Miscellaneous

491

533

576

Fines, forfeitures and penalties

364

405

405

Social Welfare

448

504

625

Revenue from properties

516

625

$90

University and Polytechnic Grants Committee

1,562

1,799

1,872

Reimbursements and contributions

1,073

1,491

1,389

Vocational Training Council

260

335

403

Utilities-

Airport and air services

791

834

801

Capital Expenditure of a Regular Nature

619

668

971

Car parks

5

5

4

Government quarries

50

41

25

Postal services

915

1,094

1,125

Tunnels

114

133

140

Water

758

900

997

Fees and charges

3,101

3,475

3,676

Interest

1,116

1,160

1,347

Total Operating Revenue

36,462

41,894

45,324

Total Operating Expenditure

29,785

33,091

36,759

Capital Revenue

Direct taxes

Estate duty

Indirect taxes

Taxi concessions

Other revenue

Land transactions

Others

Repayment and interest on loans and other funds revenue

Capital works reserve fund (Land sales and interest)

Development loan fund

Home ownership fund

Student loan fund

Total Capital Revenue

Total Government Revenue

Capital Expenditure

General Revenue

391

518

415

Defence cost agreement

35

28

60

Capital subventions

508

585

990

51

82

84

Refund of land premia

418

123

Funds

3,895

756

མྷི

Capital works reserve fund

5,706

6,432

7,050

Development loan fund

1,651

1,595

1,690

443

620

Home ownership fund

755

713

752

Student loan fund

90

81

103

586

2,330

2,220

Mass Transit fund

1,744

54

1,102

668

652

1,142

1,686

1,797

57

64

7,233

6,708

5,581

Total Capital Expenditure

10,907

9,611

11,747

43,695

48,602

50,905

Total Government Expenditure

40,692

42,702

48,506

Note: Comprising taxes on bets and sweeps, entertainments, hotel accommodation, air passenger departures, Cross-Harbour Tunnel passages

and stamp duties.