ENG-1999 — Page 559

APPENDICES

$ Million

Summary of Financial Position

Revised

Actual

Actual

Estimate

1997-98

1998-99

1999-2000

Total Government Revenue

281,226

216,115

229,322

Less total Government Expenditure and

Equity Investments

194,360

239,356

230,970

Consolidated surplus/(deficit)

86,866

(23,241)

(1,648)

Reserve balance at 1 April

370,677@

457,543

434,302

457,543

434,302

432,654

Reserve balance at 31 March

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

(2) Including bets and sweeps tax, hotel accommodation tax, air passenger departure tax, Cross-Harbour Tunnel passage tax and stamp

duties.

#

**

Including the change in the net worth of investments up to 31 October 1998.

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 the previous Provisional Legislative Council on 17 December 1997.

Including the 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,

Not applicable.

Source: Finance Bureau, Government Secretariat.

(Enquiry Telephone No.: 2810 3658)

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