ENG-1996 — Page 552

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APPENDICES

APPENDIX 11

(Chapter 5: The Economy)

Total Government Revenue and Expenditure and Summary of Financial Position

$ Million

Revenue

Actual 1994-95

Actual

Revised Estimate

1995-96

1996-97

Operating Revenue

Direct taxes

Earnings and profits tax (1)

74,295

77,419

82,050

Indirect taxes

Duties

7,583

7,899

8,334

General rates

5,156

5,806

6,295

Internal revenues

Motor vehicle taxes

(2)

23,202

23,491

30,649

4,662

2,880

3,162

Royalties and concessions

1,653

1,773

1,768

Other revenue

Fines, forfeitures and penalties

1,520

1,607

1,617

Properties and investments

2,103

2,488

2,809

Reimbursements and contributions

4,048

4,597

5,311

Utilities—

Airport and air services

3,046

3,482

3,875

Ferry terminals

299

299

305

Postal services

2,739

1,040

94

Tunnels

Water

2,308

2,378

2,475

Fees and charges

9,562

9,879

10,756

Interest

4,942

5,910

5,643

Total Operating Revenue

147,118

150,948

165,143

Capital Revenue

Direct taxes

Estate duty

Indirect taxes

1,459

1,277

1,400

Taxi concessions

633

Other revenue

Land transactions

393

418

448

Miscellaneous

1,449

551

959

Funds

Capital Works Reserve Fund (Land sales and interest)

20,193

22,478

Capital Investment Fund

2,799

2,681

29,037 3,087

Civil Service Pension Reserve Fund

384

502

Disaster Relief Fund

2

1

Loan Fund

953

1,306

1,699

27,880

29,097

37,133

Total Capital Revenue

Net borrowing

Total Government Revenue

174,998

180,045

202,276