ENG-2007 — Page 527

Appendices | 451

HK$ Million

Summary of financial position

Revised

Actual

Actual

estimate

2002-2003

2006-2007

2007-2008

Total Government Revenue

177,489

288,014

352,967

Less total Government Spending

239,177

229,413

237,292

Consolidated surplus/(deficit)

(61,688)

58,601

115,675

Reserve balance at 1 April

372,503

310,663

369,264

Write-back of provision for loss in investments

587+

with the Exchange Fund

Reserve balance at 31 March

311,402

369,264

484,939

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 and stamp

duties.

(3) The tax-loaded portion of fees and charges is re-classified under tax revenue.

(4) The Lotteries Fund was included in the Consolidated Account of the Government with effect from 1 April 2003. This is consistent with the accounting treatment of other Funds established by resolution of the Legislative Council.

+ Figures refer to the write-back of the provision made in the previous financial year.

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

(Enquiry Telephone No.: 2810 3658)