24-37  Government's Reserve Balances (General Revenue Account and Funds)
				(HKD 100 million)
Item	2000/2001	2001/2002	2002/2003	2003/2004	2004/2005
Opening Reserve Balances	4442.54	4302.78	3725.03	3154.71②	2753.43
Revenue①	2250.60	1755.59	1774.89	2073.38	2635.91
Expenditure①	2328.93	2388.90	2391.77	2474.66	2422.35
Surplus/(Deficit)	(78.33)	(633.31)	(616.88)	(401.28)	213.56
Write-back of Provision for Loss in
Investments with the Exchange Fund	-61.43	55.56	5.87	-	-7.18
Closing Reserve Balances	4302.78	3725.03	3114.02	2753.43	2959.81
Notes: ①Figures exclude 'transfers between the General Revenue Account and Funds'.
②The balance at 1 April 2003 includes the balance of $4,069 million in the Lotteries Fund. 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.