ENG-1997 — Page 539

APPENDICES

$ Million

Summary of Financial Position

Revised

Actual

Actual

Estimate

1995-96

1996-97

1997-98

Total Government Revenue

180,045

208,358

274,629

Less total Government Expenditure and

Equity Investments

183,158

182,680

197,664

Increase/(Decrease) in net worth of Land Fund

(2,072)

Consolidated surplus/(deficit)

(3,113)

25,678

74,893

Reserve balance at 1 April

151,040

147,927

370,677 †

Reserve balance at 31 March

147,927

173,605

445,570

*

Notes: (1) Including salaries tax, property tax and personal assessment tax.

(2) Including bets and sweeps tax, hotel accomodation tax, air passenger departure tax, Cross Harbour Tunnel passage tax and stamp duties. Including $43,543 million representing the Government's share of premium income from land transactions before 1 July 1997 and the full proceeds of $2,743 million from land transactions for the period 1 January 1998 to 31 March 1998 in accordance with the revised Capital Works Reserve Fund resolution passed by Provisional Legislative Council on 17 December 1997.

t

Including net worth of $197,072 million received from the trustees of the former SARG Land Fund at 1 July 1997.

Source: Finance Bureau, Government Secretariat.

(Enquiry Telephone No.: 2810 3659)

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