ENG-1997 — Page 537

APPENDICES

APPENDIX 1

13

(Chapter 5: The Economy)

Total Government Revenue and Expenditure and Summary of Financial Position

$ Million

Revenue

Actual 1995-96

Actual

Revised Estimate

1996-97

1997-98

Operating Revenue

Direct taxes

Earnings and profits tax (1)

77,419

83,966

88,500

Indirect taxes

Duties

7,899

8,450

8,778

General rates

5,806

6,285

6,310

Internal revenues

(2)

23,491

34,552

44,721

Motor vehicle taxes

2,880

3,249

4,033

Royalties and concessions

1,773

1,755

1,845

Other revenue

Fines, forfeitures and penalties

1,607

1,592

1,550

Properties and investments

2,488

2,926

7,152

Reimbursements and contributions

4,597

5,044

6,108

Utilities-

Airport and air services

3,482

3,793

4,138

Ferry terminals

299

298

266

Postal services

1,040

94

52

Water

2,378

2,423

2,429

Fees and charges

9,879

10,766

11,215

Interest

5,910

5,616

8,670

Total Operating Revenue

150,948

170,809

195,767

Capital Revenue

Direct taxes

Estate duty

Indirect taxes

1,277

1,510

1,580

Taxi concessions

23

Other revenue

Land transactions

418

451

Miscellaneous

551

1,087

17,866 2,987

Funds

Capital Works Reserve Fund (Land sales and interest)

22,478

Capital Investment Fund

2,681

29,057 3,023

48,502 * 4,026

Civil Service Pension Reserve Fund

384

501

646

Disaster Relief Fund

2

1

2

Loan Fund

1,306

1,919

3,230

Total Capital Revenue

Total Government Revenue

29,097

37,549

78,862

180,045

208,358

274,629

425