betting tax meaning in English

博彩税

Eric li , convenor of the breakfast group , believed that the amount of revenue generated from the football betting tax depended on how much effort the government put into the combat against illegal betting . he approved of the idea that the jockey club should run the business and that the government s share of the revenue should go to the treasury to help reduce the budget deficit
早餐派召集人李家祥认为，政府可收到多少赌博收益，视乎政府打击黑市赌波的力度，他赞成由马会经营赌波，分帐后的收益应拨归库房，帮补财赤。
However , all the new taxes , i . e . the boundary facilities improvement tax and the football betting tax , would contribute less than 10 billion dollars in total . with the government expenditures remaining at the same level , even if the economy revived in the future and there would again be land premiums , there would still be a recurring budget deficit of 30 - 40 billion dollars . the government therefore had to greatly reduce public expenditures to meet the deficit
李家祥更估计，今年财赤有可能去到800亿元，但其他新的税收（边境建设税及赌波），全部加起来却不够100亿，即使将来的经济复苏、卖地收入恢复，若果政府开支不变，日后的经常性财赤也有300至400亿，政府一定要大幅削减公共开支，才能解决财赤问题。