ENG-1989 — Page 435

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APPENDICES

APPENDIX 8

(Chapter 5: The Economy)

Total Government Revenue and Expenditure

$ Million

Revenue

Original

Actual

Actual

Estimate

1987-88

1988-89

1989-90

Operating Revenue

Direct taxes

Earnings and profits tax

24,772

29,662

33,715

Indirect taxes

Duties

3,389

4,173

4,710

General rates

1,373

1,517

1,625

Internal revenue (Note 1)

9,723

10,423

10,516

Motor vehicle taxes

1,448

1,922

1,925

Royalties and concessions

511

598

686

Other revenue

Fines, forfeitures and penalties

462

495

503

Properties and investments

761

2,152

2,139

Reimbursements and contributions

1,528

1,765

1.644

Utilities:

== Airport and air services

999

1,228

1,407

Car parks

5

6

1

Ferry terminals

113

157

Government quarries

16

14

20

Postal services

Tunnels

Water

Fees and charges

Interest

Total Operating Revenue

Capital Revenue

Direct taxes

Estate duty

Indirect taxes

Taxi concessions

Land transactions

1,240

1,451

1,612

149

161

179

1,003

1.122

1,326

4,804

4,681

5,315

1,372

2,819

4,458

53,555

64,302

71,938

486

447

460

120

69

136

Other revenue

461

365

171

Repayment of loans, donations and other receipts

20

89

72

Proceeds from commercial profit sharing arrangements

509

Funds

Capital Works Reserve Fund (Land sales and interest) Development Loan Fund

3,513

6,393

7,040

810

401

632

Home Ownership Fund

1,835

Student Loan Fund

75

83

90

Total Capital Revenue

7,320

8,356

8,601

Total Government Revenue

60,875

72,658

80,539

Note 1: Including bets and sweeps tax, entertainment tax, hotel accommodation tax, air passenger departure tax, Cross Harbour Tunnel passage tax and

stamp duties.

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