Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
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COMPARATIVE STATEMENT OF SURPLUS OR DEFICIT Thousands $
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| Year Ending March 31 |
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2010 Estimate | 2010 Revised | 2011 Estimate | Revenue | | | |
Ordinary Account | 6,612,293 | 6,630,857 | 6,729,135 |
Capital Account | 215 | 3,288 | 215 |
Special Purpose Account | 60,047 | 61,765 | 56,873 |
Special Operating Agency Account (net) | 160,127 | 166,086 | 197,676 |
Sinking Fund Earnings | 234,100 | 223,900 | 229,300 |
Amortization of Deferred Capital Contributions | 30,553 | 32,616 | 34,229 |
Total Revenue | 7,097,335 | 7,118,512 | 7,247,428 |
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Expense | | | |
Ordinary Account | 7,219,773 | 7,240,372 | 7,333,020 |
Capital Account | 123,894 | 119,051 | 95,673 |
Special Purpose Account | 63,681 | 65,619 | 63,323 |
Special Operating Agency Account (net) | 147,887 | 158,145 | 197,473 |
Amortization of Tangible Capital Assets | 282,979 | 289,028 | 306,744 |
Total Expense | 7,838,214 | 7,872,215 | 7,996,233 |
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Surplus (Deficit) | (740,879) | (753,703) | (748,805) |
Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
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COMPARATIVE STATEMENT OF CHANGES IN NET DEBT Thousands $
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| Year Ending March 31 |
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|
| 2010 Estimate | 2010 Revised | 2011 Estimate |
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Surplus (Deficit) | (740,879) | (753,703) | (748,805) |
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Acquisition of Tangible Capital Assets | (537,466) | (551,895) | (800,382) |
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Amortization of Tangible Capital Assets | 282,979 | 289,028 | 306,744 |
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Revenue Received to Acquire Tangible Capital Assets | 57,206 | 82,812 | 66,677 |
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Amortization of Deferred Capital Contributions | (30,553) | (32,616) | (34,229) |
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(Increase) Decrease in Net Debt | (968,713) | (966,374) | (1,209,995) |
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Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
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TOTAL REVENUE 2010 – 2011 Thousands $ |
| | | | SPECIAL | |
| | | SPECIAL | OPERATING | |
| ORDINARY | CAPITAL | PURPOSE | AGENCY | |
DEPARTMENT | ACCOUNT | ACCOUNT | ACCOUNT | ACCOUNT (NET) | TOTAL |
| | | | | |
Agriculture and Aquaculture | 7,249 | 0 | 0 | 0 | 7,249 |
Business New Brunswick | 9,891 | 20 | 0 | 0 | 9,911 |
Education | 31,840 | 0 | 20,552 | 0 | 52,392 |
Energy | 372 | 0 | 0 | 0 | 372 |
Energy Efficiency and Conservation | | | | | |
Agency of New Brunswick | 829 | 0 | 0 | 0 | 829 |
Environment | 4,303 | 0 | 6,516 | 0 | 10,819 |
Finance | 5,789,708 | 0 | 56 | 0 | 5,789,764 |
Fisheries | 1,780 | 0 | 0 | 0 | 1,780 |
Health | 37,916 | 0 | 1,300 | 0 | 39,216 |
Justice and Consumer Affairs | 49,339 | 0 | 449 | 0 | 49,788 |
Legislative Assembly | 490 | 0 | 0 | 0 | 490 |
Local Government | 134 | 0 | 0 | 0 | 134 |
Natural Resources | 67,578 | 40 | 2,972 | 0 | 70,590 |
Office of the Attorney General | 150 | 0 | 400 | 0 | 550 |
Office of the Comptroller | 175 | 0 | 0 | 0 | 175 |
Other Agencies | 362,306 | 0 | 0 | 0 | 362,306 |
Post-Secondary Education, Training | | | | | |
and Labour | 162,587 | 0 | 2,603 | 30,423 | 195,613 |
Public Safety | 126,482 | 0 | 8,182 | 6,451 | 141,115 |
Regional Development Corporation | 0 | 0 | 0 | 156,657 | 156,657 |
Social Development | 66,983 | 50 | 10,626 | 0 | 77,659 |
Supply and Services | 700 | 5 | 1,566 | 0 | 2,271 |
Tourism and Parks | 3,086 | 0 | 199 | 3,545 | 6,830 |
Transportation | 5,229 | 100 | 0 | 600 | 5,929 |
Wellness, Culture and Sport | 8 | 0 | 1,452 | 0 | 1,460 |
Sub-total | 6,729,135 | 215 | 56,873 | 197,676 | 6,983,899 |
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Sinking Fund Earnings | | | | 229,300 |
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Amortization of Deferred Capital Contributions | | | | 34,229 |
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TOTAL REVENUE | | | | 7,247,428 |
Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
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COMPARATIVE STATEMENT OF ESTIMATED GROSS REVENUE BY SOURCE Thousands $ |
| Year Ending March 31 |
|
|
| 2010 Estimate | 2010 Revised | 2011 Estimate |
Taxes | | | |
Personal Income Tax | 1,224,000 | 1,283,000 | 1,187,000 |
Corporate Income Tax | 171,600 | 181,200 | 187,300 |
Metallic Minerals Tax | 19,000 | 10,000 | 8,000 |
Provincial Real Property Tax | 404,000 | 404,000 | 420,000 |
Harmonized Sales Tax | 999,000 | 955,000 | 1,010,300 |
Gasoline and Motive Fuels Tax | 199,000 | 201,000 | 201,000 |
Tobacco Tax | 90,000 | 94,000 | 94,000 |
Pari-Mutuel Tax | 65 | 65 | 65 |
Insurance Premium Tax | 41,492 | 41,492 | 41,888 |
Real Property Transfer Tax | 6,800 | 6,800 | 7,000 |
Large Corporation Capital Tax | 0 | 5,000 | 0 |
Financial Corporation Capital Tax | 7,000 | 6,000 | 8,000 |
Sub-total Taxes | 3,161,957 | 3,187,557 | 3,164,553 |
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Return on investment | 261,835 | 256,810 | 347,256 |
Licences and Permits | 114,762 | 114,952 | 118,862 |
Sale of Goods and Services | 248,831 | 237,466 | 246,722 |
Royalties | 73,095 | 50,095 | 54,915 |
Fines and Penalties | 8,395 | 8,668 | 8,515 |
Miscellaneous | 26,236 | 28,887 | 29,313 |
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TOTAL OWN SOURCE REVENUE | 3,895,111 | 3,884,435 | 3,970,136 |
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Unconditional Grants – Canada | | | |
Fiscal Equalization Payments | 1,689,000 | 1,689,000 | 1,661,000 |
Canada Health Transfer | 557,000 | 554,800 | 589,600 |
Canada Social Transfer | 242,100 | 241,200 | 246,800 |
Wait Times Reduction Transfer | 5,575 | 5,560 | 5,535 |
Other | 1,938 | 1,938 | 1,938 |
Sub-total Unconditional Grants – Canada | 2,495,613 | 2,492,498 | 2,504,873 |
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Conditional Grants – Canada | 221,569 | 253,924 | 254,126 |
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TOTAL GRANTS FROM CANADA | 2,717,182 | 2,746,422 | 2,758,999 |
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TOTAL GROSS ORDINARY REVENUE | 6,612,293 | 6,630,857 | 6,729,135 |
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Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
TOTAL EXPENSE
2010-2011
Thousands $ |
| | | | | |
| | | SPECIAL | OPERATING | |
|
ORDINARY | CAPITAL | PURPOSE | AGENCY | | DEPARTMENT | ACCOUNT | ACCOUNT | ACCOUNT | ACCOUNT (NET) | TOTAL |
| | | | | |
Agriculture and Aquaculture | 36,151 | 400 | 0 | 0 | 36,551 |
Business New Brunswick | 42,694 | 0 | 0 | 0 | 42,694 |
Education | 994,625 | 0 | 20,657 | 0 | 1,015,282 |
Energy | 3,087 | 0 | 0 | 0 | 3,087 |
Energy Efficiency and Conservation | | | | | |
Agency of New Brunswick | 17,655 | 0 | 0 | 0 | 17,655 |
Environment | 12,884 | 0 | 8,500 | 0 | 21,384 |
Executive Council Office | 5,517 | 0 | 0 | 0 | 5,517 |
Finance | 12,375 | 0 | 56 | 0 | 12,431 |
Fisheries | 4,728 | 0 | 0 | 0 | 4,728 |
General Government | 680,072 | 0 | 0 | 0 | 680,072 |
Health | 2,456,493 | 0 | 1,400 | 0 | 2,457,893 |
Intergovernmental Affairs | 2,586 | 0 | 0 | 0 | 2,586 |
Justice and Consumer Affairs | 39,606 | 0 | 449 | 0 | 40,055 |
Legislative Assembly | 27,998 | 0 | 0 | 0 | 27,998 |
Local Government | 119,697 | 160 | 0 | 0 | 119,857 |
Maritime Provinces Higher | | | | | |
Education Commission | 260,531 | 15,000 | 0 | 0 | 275,531 |
Natural Resources | 87,150 | 638 | 3,040 | 0 | 90,828 |
Office of the Attorney General | 16,824 | 0 | 180 | 0 | 17,004 |
Office of the Comptroller | 4,346 | 0 | 0 | 0 | 4,346 |
Office of Human Resources | 5,644 | 0 | 0 | 0 | 5,644 |
Office of the Premier | 1,616 | 0 | 0 | 0 | 1,616 |
Post-Secondary Education, Training | | | | | |
and Labour | 318,692 | 0 | 2,573 | 32,123 | 353,388 |
Public Safety | 130,551 | 0 | 8,207 | 6,600 | 145,358 |
Regional Development Corporation | 94,836 | 29,950 | 0 | 167,628 | 292,414 |
Service of the Public Debt | 634,415 | 0 | 0 | 0 | 634,415 |
Social Development | 986,734 | 1,100 | 14,500 | 0 | 1,002,334 |
Supply and Services | 116,809 | 8,964 | 2,096 | 0 | 127,869 |
Tourism and Parks | 28,132 | 500 | 90 | 3,528 | 32,250 |
Transportation | 172,080 | 38,961 | 0 | (12,406) | 198,635 |
Wellness, Culture and Sport | 18,492 | 0 | 1,575 | 0 | 20,067 |
Sub-total | 7,333,020 | 95,673 | 63,323 | 197,473 | 7,689,489 |
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Amortization of Tangible Capital Assets | | | | 306,744 |
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TOTAL EXPENSE | | | | 7,996,233 |
Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
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FISCAL RESPONSBILITY AND BALANCED BUDGET ACT Millions $
|
| | Year Ending March 31 |
| | | | | |
| | 2008 | 2009 | 2010 | 2011 |
| | Actual | Actual | Revised | Estimate |
| | | | | |
Total Revenue | | 6,962.3 | 7,112.8 | 7,118.5 | 7,247.4 |
Add: Required Changes Under the Act | | 0.0 | 0.0 | (63.6) | (20.0) |
Adjusted Revenue | | 6,962.3 | 7,112.8 | 7,054.9 | 7,227.4 |
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Total Expense | | 6,875.6 | 7,305.1 | 7,872.2 | 7,996.2 |
Adjusted Surplus (Deficit) for the Year | | 86.7 | (192.3) | (817.3) | (768.8) |
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Cumulative Difference – Beginning of Year | | 0.0 | 86.7 | (105.6) | (922.9) |
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Cumulative Difference – End of Year | | 86.7 | (105.6) | (922.9) | (1,691.7) |
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| Year Ending March 31 |
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| 2007 | 2008 | 2009 | 2010 | 2011 |
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Net Debt | 6,575.9 | 6,949.2 | 7,387.8 | 8,354.2 | 9,564.2 |
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GDP (31 December) | 25,884 | 26,993 | 27,372 | 27,646 | 28,724 |
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Ratio of Net Debt-to-GDP | 25.4% | 25.7% | 27.0% | 30.2% | 33.3% |
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Note: Columns may not add due to rounding |
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Summary Budget Information
2010 – 2011 Budget
Province of New Brunswick
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NEW BRUNSWICK ROAD IMPROVEMENT FUND Thousands $
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| Year Ending March 31 |
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| 2010 Estimate | 2010 Revised | 2011 Estimate |
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Revenue | | | |
Gasoline and Motive Fuels Tax | 199,000 | 201,000 | 201,000 |
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Expenditures | | | |
Department of Transportation | | | |
Capital Account | 378,800 | 375,200 | 423,382 |
Ordinary Account | 173,027 | 174,227 | 172,040 |
Total Expenditures | 551,827 | 549,427 | 595,422 |
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Net Expenditures | 352,827 | 348,427 | 394,422 |
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Source of Funding for Net Expenditures | | | |
Federal Capital Revenues | 39,206 | 52,510 | 53,802 |
Provincial Contribution from Consolidated Fund | 313,621 | 295,917 | 340,620 |
TOTAL | 352,827 | 348,427 | 394,422 |
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Note: Capital account expenditures relating to the Vehicle Management Agency have been excluded from the total expenditures above. |
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