ENG-1994 — Page 537

APPENDICES

APPENDIX 10

(Chapter 5: The Economy)

Total Government Revenue and Expenditure and Summary of Financial Position

Revenue

$ Million

Actual 1992-93

Actual 1993-94

Revised Estimate

1994-95

Operating Revenue

Direct taxes

Earnings and profits tax

Indirect taxes

Duties

General rates

Internal revenues*

Motor vehicle taxes

55,061

65,439

74,700

7,216

7,113

7,837

4,423

4,461

5,155

23.012

30,020

22,844

4,940

4,192

4,429

Royalties and concessions

1,136

1,379

1,686

Other revenue

Fines, forfeitures and penalties

892

1,123

1,459

Properties and investments

1,821

2,265

1,994

Reimbursements and contributions

3,798

3,755

4,065

Utilities--

Airport and air services

2,373

2,841

3,017

Ferry terminals

251

290

302

Postal services

2,428

2,611

2,796

Tunnels

211

Water

1,911

2,255

2.268

Fees and charges

8,015

8,627

9,747

Interest

1,767

3,387

4,570

Total Operating Revenue

119,255

139,758

146,869

Capital Revenue

Direct taxes

Estate duty

Indirect taxes

1,025

1,186

1,300

Taxi concessions

633

Other revenue

Land transactions

267

264

374

Miscellaneous

234

2,692

1,398

Funds

Capital Works Reserve Fund (Land sales and interest)

8,957

19,112

19,323

Capital Investment Fund

2,368

2,764

2,763

Diaster Relief Fund

1

Loan Fund

686

823

900

Total Capital Revenue

Net borrowing

13,537 2.519

26,841

26,692

3

Total Government Revenue

135,311

166,602

173,561

Note:

* Including bets and sweeps tax, hotel accommodation tax, air passenger departure tax, Cross Harbour Tunnel passage tax and stamp duties.

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