ENG-1998 — Page 540

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APPENDICES

$ Million

Summary of Financial Position

Revised

Actual

Actual

Estimate

1996-97

1997-98

1998-99

Total Government Revenue

208,358

281,226

212,830

Less total Government Expenditure and

Equity Investments

182,680

194,360

245,096

Consolidated surplus/(deficit)

25,678

86,866

(32,266)

Reserve balance at 1 April

147,927

370,677 +

457,543

Reserve balance at 31 March

173,605

457,543

425,277

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

(2) Including bets and sweeps tax, hotel accommodation 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 $2,213 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.

Including net worth of $197,072 million received from the trustees of the former Government of the Hong Kong Special Administrative Region Land Fund at 1 July 1997,

Including change in net worth of investments.

+

#

Not applicable.

Source:

Finance Bureau, Government Secretariat.

(Enquiry Telephone No.: 2810 3658)

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