ENG-2003 — Page 564

480

APPENDICES

$ Million

Summary of Financial Position

Revised

Actual

Actual

Estimate

1998-1999

2002-2003

2003-2004

Total Government Revenue

216,115

177,489

203,837

Less total Government Expenditure and

Equity Investments

239,356

239,177

252,860

Consolidated surplus/(deficit)

(23,241)

(61,688)

(49,023)

Reserve balance at 1 April

457,543

372,503

311,402

Lotteries Fund balance at 1 April (3)

4,069

Write-back of Provision for loss in investments with the

587

Exchange Fund (4)

Reserve balance at 31 March

434,302

311,402

266,448

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.

(3) The Lotteries Fund was included in the Consolidated Accounts of the Government with effect from 1 April 2003.

(4) In 2002-03, the amount refers to the balance of the provision to be written back.

Source: Financial Services and the Treasury Bureau, Government Secretariat.

(Enquiry Telephone No.: 2810 3658)