| TABLE 1 | ||||||||||
| DEPARTMENT OF THE TREASURY | ||||||||||
| OFFICE OF ECONOMIC AND FINANCIAL AFFAIRS | ||||||||||
| GENERAL FUND NET REVENUE ESTIMATE FOR FISCAL YEAR 1999 | ||||||||||
| (IN MILLION OF DOLLARS - FISCAL YEARS) | ||||||||||
REVENUES |
PREVIOUS | REVISED |
||||||||
| ITEMS | FISCAL YEAR | ESTIMATE | ESTIMATE | DIFFERENCE | ||||||
| 1998 | 1999 | 1999 | 1999-1998 | |||||||
| TOTAL | 5,902.5 | 6,356.0 | 6,356.0 | 453.5 | ||||||
| FROM INTERNAL REVENUES | 5,630.0 | 6,057.0 | 6,094.0 | 464.0 | ||||||
| TAX REVENUES | 5,358.8 | 5,777.0 | 5,814.0 | 455.2 | ||||||
| PROPERTY TAXES | 5.7 | 0.0 | 0.0 | (5.7) | ||||||
| INCOME TAXES, TOTAL | 3,972.8 | 4,282.0 | 4,293.0 | 320.2 | ||||||
| INDIVIDUALS | 2,026.6 | 2,280.0 | 2,206.0 | 179.4 | ||||||
| CORPORATIONS | 1,527.4 | 1,671.0 | 1,563.0 | 35.6 | ||||||
| PARTNERSHIPS | 4.4 | 3.0 | 3.0 | (1.4) | ||||||
| WITHHOLDING NONRESIDENTS | 192.4 | 144.0 | 308.0 | 115.6 | ||||||
| TOOLGATE TAX (REGULAR) | 65.3 | 29.0 | 63.0 | (2.3) | ||||||
| TOLLGATE TAX (PREPAYMENT) | 105.7 | 105.0 | 96.0 | (9.7) | ||||||
| INTEREST SUBJECT TO 17% | 11.4 | 10.0 | 10.0 | (1.4) | ||||||
| TAXES ON DIVIDENDS | 39.6 | 40.0 | 44.0 | 4.4 | ||||||
| INHERITANCE AND GIFT TAXES | 1.4 | 2.0 | 1.0 | (0.4) | ||||||
| EXCISE TAXES, TOTAL | 1,312.7 | 1,426.0 | 1,451.0 | 138.3 | ||||||
| ALCOHOLIC BEVERAGE, TOTAL | 238.1 | 240.0 | 245.0 | 6.9 | ||||||
| DESTILLED SPIRITS | 48.0 | 53.0 | 49.0 | 1.0 | ||||||
| BEER | 178.5 | 177.0 | 181.0 | 2.5 | ||||||
| OTHER BEVERAGES | 11.6 | 10.0 | 15.0 | 3.4 | ||||||
| GENERAL TAXES, TOTAL | 1,074.6 | 1,186.0 | 1,206.0 | 131.4 | ||||||
| CIGARETTES | 111.1 | 121.0 | 102.0 | (9.1) | ||||||
| PETROLEUM PRODUCTS | 6.2 | 8.0 | 5.0 | (1.2) | ||||||
| MOTOR VEHICLES | 350.0 | 395.0 | 370.0 | 20.0 | ||||||
| HORSE RACES | 27.4 | 29.0 | 22.0 | (5.4) | ||||||
| INSURANCE PREMIUMS | 19.4 | 22.0 | 22.0 | 2.6 | ||||||
| CEMENT | 1.7 | 2.0 | 2.0 | 0.3 | ||||||
| SLOT MACHINES | 12.2 | 15.0 | 26.0 | 13.8 | ||||||
| PETROLEUM IMPORT FEES | 51.6 | 46.0 | 88.0 | 36.4 | ||||||
| 5% GENERAL EXCISE TAX | 468.4 | 517.0 | 538.0 | 69.6 | ||||||
| HOTEL ROOMS | 13.3 | 15.0 | 15.0 | 1.7 | ||||||
| OTHERS | 13.3 | 16.0 | 16.0 | 2.7 | ||||||
| LICENCES | 66.2 | 67.0 | 69.0 | 2.8 | ||||||
| MOTOR VEHICLES | 46.3 | 45.0 | 47.0 | 0.7 | ||||||
| ENTERTAIMENTS MACHINES | 7.3 | 10.0 | 8.0 | 0.7 | ||||||
| ALCOHOLIC BEVERAGE AND OTHER | 12.6 | 12.0 | 14.0 | 1.4 | ||||||
| NON-TAX REVENUES | 271.2 | 280.0 | 280.0 | 8.8 | ||||||
| TRADITIONAL LOTTERY | 58.0 | 58.0 | 58.0 | 0.0 | ||||||
| ELECTRONIC LOTTERY | 54.7 | 61.0 | 49.0 | (5.7) | ||||||
| MISCELLANEOUS, TOTAL | 158.5 | 161.0 | 173.0 | 14.5 | ||||||
| PENALTIES AND FEES | 28.3 | 33.0 | 23.0 | (5.3) | ||||||
| PERMITS FEES AND PENALTIES | 116.4 | 113.0 | 136.0 | 19.6 | ||||||
| OTHERS | 13.8 | 15.0 | 14.0 | 0.2 | ||||||
| FROM NON INTERNAL REVENUES | 272.5 | 299.0 | 262.0 | (10.5) | ||||||
| CUSTOM DUTIES | 72.2 | 75.0 | 63.0 | (9.2) | ||||||
| EXCISES ON OFF-SHORE SHIPMENTS | 200.3 | 224.0 | 199.0 | (1.3) | ||||||