22-27 Government Revenue (General Revenue Account and Funds)

(HK$ million)

Item

1990/91

1996/97

1997/98

1998/99

1999/2000

 

 

 

 

 

 

Operating Revenue

 

 

 

 

 

Direct Taxes

 

 

 

 

 

Earnings and Profits Tax

36340

83966

91524

75746

66914

Indirect Taxes

 

 

 

 

 

Bets and Sweeps Tax

5884

12191

13453

12228

11938

Entertainments Tax

136

-

-

-

-

Hotel Accommodation Tax

269

580

511

219

182

Stamp Duties

5939

20461

29097

10189

12116

Air Passenger Departure Tax

718

1121

1002

573

499

Cross Harbour Tunnel Passage Tax

197

199

200

195

97

Duties

5729

8450

8465

7698

7377

General Rates

3039

6285

6258

3614

7132

Motor Vehicle Taxes

2054

3249

4246

2237

2613

Royalties and Concessions

816

1755

1889

1286

1577

Other Revenue

 

 

 

 

 

Fines,Forfeitures and Penalties

652

1592

1566

1333

1093

Properties and Investments

1341

2926

7159

8335

6986

Loans, Reimbursements

 

 

 

 

 

Contributions and Other Receipts

2173

5044

6042

6517

5672

Utilities

5617

6608

6735

4400

3326

Fees and Charges

5992

10766

11279

10565

10896

Investment Income

 

 

 

 

 

General Revenue Account

4505

5616

8976

21568

15390

Land Fund

-

-

6006

10080

21388

Total Operating Revenue

81401

170809

204408

176783

175196

Capital Revenue

 

 

 

 

 

Direct Taxes

 

 

 

 

 

Estate Duty

656

1510

1588

1237

1272

Indirect Taxes

 

 

 

 

 

Taxi Concessions

136

-

23

-

-

Other Revenue

 

 

 

 

 

Land Transactions

242

451

17864

-

-

Others

240

282

1076

982

1384

Recovery from Housing Authority

-

805

1188

1471

640

Funds

 

 

 

 

 

Capital Works Reserve Fund

4003

29057

48067

25686

39111

(exclude proceeds of bond issue

 

 

 

 

 

Capital Investment Fund

2340

3023

3888

6329

2665

Disaster Relief Fund

-

1

2

3

4

Loan Fund

506

1919

2475

2533

11515

Civil Service Pension Reserve Fund

-

501

647

1091

1016

Innvotion and Technogy Fund

-

-

-

-

192

Total Capital Revenue

8123

37549

76818

39332

57799

Total Government Revenue

89524

20858

281226

216115

232995

 

 

 

 

 

 

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

           From 27 May 1985 up to 30 June 1997 this head included only land transactions conferring a benefit that expired on or before 30 June 1997. From 1 July 1997 to 31 December 1997, pending amendment of the Capital Works Reserve Fund resolution, all land revenue was credited to this head.

           From 27 May 1985 up to 30 June 1997 this head included the former Hong Kong Government share of land revenue distributed in accordance with Annex III of the Sino-British Joint Declaration. From 1 January 1998 this head has been credited with all revenue from land transactions.