ENG-1998 — Page 538

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APPENDICES

APPENDIX 13

(Chapter 4: The Economy)

Total Government Revenue and Expenditure and

Summary of Financial Position

$ Million

Revenue

Actual

Actual

Revised Estimate

1996-97

1997-98

1998-99

Operating Revenue

Direct taxes

Earnings and profits tax (1)

83,966

91,524

74,190

Indirect taxes

Duties

8,450

8,465

8,004

General rates

6,285

6,258

3,624

Internal revenues (2)

34,552

44,263

24,844

Motor vehicle taxes

3,249

4,246

2,345

Royalties and concessions

1,755

1,889

1.311

Other revenue

Fines, forfeitures and penalties

1,592

1,566

1,359

Properties and investments

2,926

7,159

8.316

Reimbursements and contributions

5,044

6,042

6,375

Utilities-

Airport and air services

3,793

3,968

1.089

Ferry terminals

298

264

196

Postal services

94

53

Water

2.423

2,450

2,409

Sewage services

700

Fees and charges

10,766

11,279

10,866

Interest

5,616

8,976

20,170

Total Operating Revenue

170,809

198,402

165,798

Capital Revenue

Direct taxes

Estate duty

Indirect taxes

1,510

1,588

1,230

Taxi concessions

23

Other revenue

Land transactions

451

Miscellaneous

1,087

17,864 2,264

2,483

Funds

Capital Works Reserve Fund (Land sales and interest)

**

29,057

Capital Investment Fund

3,023

48,067 3,888

24,403 6.462

Civil Service Pension Reserve Fund

501

647

1,037

Disaster Relief Fund

1

2

2

Loan Fund

1,919

2,475

2,516

Land Fund

Total Capital Revenue

Total Government Revenue

6,006 #

8,899 #

37,549

82,824

47,032

208,358

281,226

212,830