Exhibit 99.25
Adjustments to the 2007-2008 Financial Framework Further to the
Ministerial Statement of June 1st, 2007
Adjustments to the 2007-2008 Financial
Framework Further to the
Ministerial Statement of June 1, 2007
1
Gouvernement du Québec
Summary of consolidated financial transactions
2007-2008 forecast
(millions of dollars)
| | | | | | |
| | | Budget tabled on
May 24, 2007 | | Impact of the
ministerial
statement | | 2007-2008
budget |
BUDGETARY REVENUE | | | | | | |
Own-source revenue | | 47 842 | | 111 | | 47 953 |
Federal transfers | | 13 174 | | — | | 13 174 |
| | | | | | |
Total | | 61 016 | | 111 | | 61 127 |
BUDGETARY EXPENDITURE | | | | | | |
Program spending | | -53 802 | | -111 | | -53 913 |
Debt service | | -7 244 | | — | | -7 244 |
| | | | | | |
Total | | -61 046 | | -111 | | -61 157 |
NET RESULTS OF CONSOLIDATED ORGANIZATIONS | | 30 | | — | | 30 |
Deposit in the Generations Fund | | -200 | | — | | -200 |
Use of part of the budgetary reserve | | 200 | | — | | 200 |
| | | | | | |
| CONSOLIDATED BUDGETARY BALANCE FOR THE PURPOSES OF THE BALANCED BUDGET ACT | | 0 | | 0 | | 0 |
| | | | | | |
Net results of the Generations Fund | | 653 | | — | | 653 |
| | | | | | |
CONSOLIDATED BUDGETARY BALANCE | | 653 | | — | | 653 |
| | | | | | |
CONSOLIDATED NON-BUDGETARY TRANSACTIONS | | -1 091 | | — | | -1 091 |
| | | | | | |
CONSOLIDATED NET FINANCIAL REQUIREMENTS | | -438 | | — | | -438 |
| | | | | | |
CONSOLIDATED FINANCING TRANSACTIONS | | | | | | |
Change in cash position | | 6 069 | | — | | 6 069 |
Net borrowings | | -102 | | — | | -102 |
Retirements plans sinking fund | | -4 876 | | — | | -4 876 |
Generations Fund | | -653 | | — | | -653 |
| | | | | | |
TOTAL CONSOLIDATED FINANCING TRANSACTIONS | | 438 | | — | | 438 |
| | | | | | |
| Note: | A negative entry indicates a financial requirement and a positive entry, a source of financing. |
2
Gouvernement du Québec
Budgetary revenue of the Consolidated Revenue Fund
2007-2008 forecast
(millions of dollars)
| | | | | | |
| | | Budget tabled
on May 24, 2007 | | Impact of the
ministerial
statement | | 2007-2008
budget |
OWN-SOURCE REVENUE | | | | | | |
Income and property taxes | | | | | | |
Personal income tax | | 18 045 | | — | | 18 045 |
Health Services Fund | | 5 408 | | — | | 5 408 |
Corporate taxes1 | | 4 618 | | 111 | | 4 729 |
| | | | | | |
| | 28 071 | | 111 | | 28 182 |
Consumption taxes | | | | | | |
Retail taxes | | 10 020 | | — | | 10 020 |
Fuel | | 1 701 | | — | | 1 701 |
Tobacco | | 649 | | — | | 649 |
Alcoholic beverages | | 438 | | — | | 438 |
| | | | | | |
| | 12 808 | | — | | 12 808 |
Duties and permits | | | | | | |
Motor vehicles | | 758 | | — | | 758 |
Natural resources | | -46 | | — | | -46 |
Other | | 179 | | — | | 179 |
| | | | | | |
| | 891 | | — | | 891 |
Miscellaneous | | | | | | |
Sales of goods and services | | 391 | | — | | 391 |
Interest | | 578 | | — | | 578 |
Fines, forfeitures and recoveries | | 478 | | — | | 478 |
| | | | | | |
| | 1 447 | | — | | 1 447 |
Revenue from government enterprises | | | | | | |
Hydro-Québec | | 2 545 | | — | | 2 545 |
Loto-Québec | | 1 329 | | — | | 1 329 |
Société des alcools du Québec | | 745 | | — | | 745 |
Other | | 6 | | — | | 6 |
| | | | | | |
| | 4 625 | | — | | 4 625 |
| | | | | | |
Total | | 47 842 | | 111 | | 47 953 |
FEDERAL TRANSFERS | | | | | | |
Equalization | | 7 160 | | — | | 7 160 |
Health transfers | | 3 698 | | — | | 3 698 |
Transfers for post-secondary education and other social programs | | 1 371 | | — | | 1 371 |
Other programs | | 945 | | — | | 945 |
| | | | | | |
Total | | 13 174 | | — | | 13 174 |
| | | | | | |
TOTAL BUDGETARY REVENUE | | 61 016 | | 111 | | 61 127 |
| | | | | | |
| 1 | Includes tax on corporate profits, tax on capital and tax on premiums in lieu of the tax on capital for insurance companies, as well as the tax on public services. |
3
Gouvernement du Québec
Budgetary expenditure of the Consolidated Revenue Fund
2007-2008 forecast
(millions of dollars)
| | | | | | |
| | | Budget tabled
on May 24, 2007 | | Impact of the
ministerial
statement | | 2007-2008
budget |
PROGRAM SPENDING BY DEPARTMENT | | | | | | |
Affaires municipales et Régions | | 1 768.3 | | 21.0 | | 1 789.3 |
Agriculture. Pêcheries et Alimentation | | 703.0 | | — | | 703.0 |
Assemblée nationale | | 105.2 | | — | | 105.2 |
Conseil du trésor et Administration gouvernementale | | 599.9 | | — | | 599.9 |
Conseil exécutif | | 316.4 | | — | | 316.4 |
Culture. Communications et Condition féminine | | 623.8 | | — | | 623.8 |
Développement durable. Environnement et Parcs | | 194.4 | | — | | 194.4 |
Développement économique. Innovation et Exportation | | 755.8 | | — | | 755.8 |
Éducation. Loisir et Sport | | 13 395.2 | | 30.0 | | 13 425.2 |
Emploi et Solidarité sociale | | 4 126.5 | | — | | 4 126.5 |
Famille et Aînés | | 1 803.6 | | — | | 1 803.6 |
Finances (excluding debt service) | | 159.9 | | — | | 159.9 |
Immigration et Communautés culturelles | | 111.3 | | — | | 111.3 |
Justice | | 635.9 | | — | | 635.9 |
Personnes désignées par l’Assemblée nationale | | 74.3 | | — | | 74.3 |
Relations internationales | | 116.2 | | — | | 116.2 |
Ressources naturelles et Faune | | 448.9 | | — | | 448.9 |
Revenu | | 926.6 | | — | | 926.6 |
Santé et Services sociaux | | 23 843.2 | | 60.0 | | 23 903.2 |
Sécurité publique | | 991.8 | | — | | 991.8 |
Services gouvernementaux | | 83.6 | | — | | 83.6 |
Tourisme | | 140.7 | | — | | 140.7 |
Transports | | 2 074.8 | | — | | 2 074.8 |
Travail | | 31.7 | | — | | 31.7 |
| | | | | | |
Subtotal | | 54 031.0 | | 111.0 | | 54 142.0 |
Anticipated lapsed appropriations | | -150.0 | | — | | -150.0 |
Deferred appropriations in 2008-2009 | | -78.8 | | — | | -78.8 |
| | | | | | |
Total | | 53 802.2 | | 111.0 | | 53 913.2 |
DEBT SERVICE | | | | | | |
Direct debt service | | 4 923.0 | | — | | 4 923.0 |
Interest ascribed to the retirement plans | | 2 321.0 | | — | | 2 321.0 |
| | | | | | |
Total | | 7 244.0 | | — | | 7 244.0 |
| | | | | | |
TOTAL BUDGETARY EXPENDITURE | | 61 046.2 | | 111.0 | | 61 157.2 |
| | | | | | |
4
