23-38  Government's Reserve Balances (General Revenue Account and Funds)
	(HKD 100 million)
Item	2003/2004	2004/2005	2005/2006	2006/2007	2007/2008
Opening Reserve Balances①	3154.71	2753.43	2959.81	3106.63	3692.64
Revenue②	2073.38	2635.91	2470.35	2880.14	3584.65
Spending②	2474.66	2422.35	2330.71	2294.13*	2348.15
Surplus/Deficit	-401.28	213.56	139.64	586.01*	1236.50
Provision for Loss/(Write-back of Provision)
in Investments with the Exchange Fund	-	-7.18	7.18	-	-
Closing Reserve Balances	2753.43	2959.81	3106.63	3692.64*	4929.14
Notes : Figures for 2007/2008 are subject to audit by the Director of Audit.
①In 2003/2004, the balance at 1 April 2003 includes the balance of $4,069 million in the Lotteries Fund. The Lotteries Fund has
been 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.
②Figures exclude “Transfers between the General Revenue Account and Funds”.