Appendix 6 Table 6 (Chapter 3: The Economy)   Total Government Revenue and Expenditure and Summary of Financial Position HK$ Million   Revenue   Actual 2000-2001   Actual 2004-2005   Revised Estimate 2005-2006   Operating Revenue               Direct taxes                 Earnings and profits tax(1) 73,870   96,709   110,300     Indirect taxes                 Duties 7,293   6,603   6,523       General rates 14,428   12,640   13,816       Internal revenue(2) 24,301   29,506   29,939       Motor vehicle taxes 3,025   3,417   3,873       Royalties and concessions 1,767   775   624     Other revenue                 Fines, forfeitures and penalties 1,061   949   942       Properties and investments 7,579   8,710   9,342       Reimbursements and contributions 4,210   3,025   2,820       Utilities —                   Marine ferry terminals 198   231   229         Water works 2,412   2,488   2,492         Sewage services 687   682   683       Fees and charges 10,973   10,793   10,898     Investment Income and Interest                 General revenue account 6,835   4,916   3,836       Land Fund 12,681   6,560   4,221                     Total Operating Revenue 171,320   188,004   200,538                   Capital Revenue               Indirect taxes                 Estate duty 1,503   1,469   1,200     Other revenue 12,592   2,224   3,033     Funds                 Capital Works Reserve Fund 32,183   59,428 ^ 30,211       Capital Investment Fund 2,949   8,406   2,938       Civil Service Pension Reserve Fund 602   771   519       Disaster Relief Fund 3   2   1       Innovation and Technology Fund 296   317   176       Loan Fund 3,612   1,688   1,820       Lotteries Fund —   1,282   1,230                     Total Capital Revenue 53,740   75,587   41,128                   Total Government Revenue 225,060   263,591 ^ 241,666                     HK$ Million   Expenditure   Actual 2000-2001   Actual 2004-2005   Revised Estimate 2005-2006   Operating Expenditure               Recurrent expenditure                 Personal emoluments 50,497   46,531   44,951       Personnel related expenses 5,116   4,699   4,505       Pensions 9,381   14,900   13,066       Departmental expenses 12,934   14,803   15,757       Other charges 30,355   35,011   35,606       Subventions—                   Education 23,860   25,488   25,801         Medical 28,221   27,844   27,045         Social welfare 6,453   6,532   6,449         University and Polytechnic 13,131   11,872   11,321         Vocational Training Council 2,039   1,766   1,689         Miscellaneous 2,535   2,849   2,921     Non-recurrent 2,164   4,611   5,638                     Total Operating Expenditure 186,686   196,906   194,749                   Capital Expenditure               General Revenue Account                 Plant, equipment and works 853   823   751       Capital subventions 1,012   722   801     Funds                 Capital Works Reserve Fund 30,577   33,725   29,919       Disaster Relief Fund 43   38   15       Innovation and Technology Fund 310   369   528       Loan Fund 5,310   2,553   3,298       Lotteries Fund —   1,042   1,027                     Total Capital Expenditure 38,105   39,272   36,339                   Total Government Expenditure 224,791   236,178   231,088   Equity Investments (Capital Investment 8,102   6,057   6,521     Fund)       Total Government Expenditure and Equity 232,893   242,235   237,609     Investments         HK$ Million   Summary of Financial Position   Actual 2000-2001   Actual 2004-2005   Revised Estimate 2005-2006   Total Government Revenue 225,060   263,591 ^ 241,666   Less total Government Expenditure and 232,893   242,235   237,609     Equity Investments       Consolidated surplus/(deficit) (7,833)   21,356   4,057                   Reserve balance at 1 April 444,254   257,343   295,981   Write-back of provision for loss in (6,143) § (718) § 718 †   investments with the Exchange Fund             Reserve balance at 31 March 430,278   295,981   300,756     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. ^ Including $25,394 million being the net proceeds from the issuances of government bonds and notes credited to the Capital Works Reserve Fund. § The amount refers to provision for the diminution in the market value of investments with the Exchange Fund during the period from 1 January to 31 March of the financial year. † The amount refers 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)