99.6 Excerpt from the Province of New Brunswick 2016-2017 Budget as presented to the Legislative Assembly on February 2, 2016
APPENDIX: SUMMARY BUDGET INFORMATION |
COMPARATIVE STATEMENT OF SURPLUS OR DEFICIT Thousands $ |
| Year Ending March 31 |
| | | | | |
| 2016 | | 2016 | | 2017 |
| Estimate | | Revised | | Estimate |
| | | | | |
Revenue | | | | | |
Ordinary Account | 7,984,551 | | 7,950,201 | | 8,354,502 |
Capital Account | 10,705 | | 15,164 | | 32,680 |
Special Purpose Account | 61,342 | | 79,717 | | 76,101 |
Special Operating Agencies (net) | 57,634 | | 56,776 | | 65,282 |
Sinking Fund Earnings | 193,700 | | 193,700 | | 190,200 |
Total Revenue | 8,307,932 | | 8,295,558 | | 8,718,765 |
| | | | | |
Expense | | | | | |
Ordinary Account | 8,007,021 | | 8,011,505 | | 8,261,450 |
Capital Account | 82,903 | | 84,460 | | 122,649 |
Special Purpose Account | 74,228 | | 90,997 | | 87,265 |
Special Operating Agencies (net) | 53,372 | | 56,759 | | 59,239 |
Amortization of Tangible Capital Assets | 417,238 | | 418,268 | | 435,186 |
Total Expense | 8,634,762 | | 8,661,989 | | 8,965,789 |
| | | | | |
Contingency Reserve | (150,000) | | (100,000) | | (100,000) |
| | | | | |
Surplus (Deficit) | (476,830) | | (466,431) | | (347,024) |
|
|
COMPARATIVE STATEMENT OF CHANGE IN NET DEBT Thousands $ |
| |
| Year Ending March 31 |
| | | | | |
| 2016 | | 2016 | | 2017 |
| Estimate | | Revised | | Estimate |
| | | | | |
Net Debt – Beginning of Year | (12,018,306) | | (12,421,892) | | (12,989,898) |
| | | | | |
Changes in Year | | | | | |
| | | | | |
Surplus (Deficit) | (476,830) | | (466,431) | | (347,024) |
Acquisition of Tangible Capital Assets | (525,898) | | (519,843) | | (556,661) |
Amortization of Tangible Capital Assets | 417,238 | | 418,268 | | 435,186 |
(Increase) Decrease in Net Debt | (585,490) | | (568,006) | | (468,499) |
Net Debt – End of Year | (12,603,796) | | (12,989,898) | | (13,458,397) |
| | | | | |
At second quarter, Net Debt – Beginning of Year has been updated to reflect the ending net debt that was published in the 2014-2015 Consolidated Financial Statements (Public Accounts Volume I) |
TOTAL REVENUE 2016-2017 Thousands $ |
| |
| | | Special | Special | |
| Ordinary | Capital | Purpose | Operating | |
Department | Account | Account | Account | Agencies | Total |
| | | | | |
Agriculture, Aquaculture and Fisheries | 10,595 | 0 | 0 | 0 | 10,595 |
Education and Early | | | | | |
Childhood Development | 22,135 | 0 | 38,940 | 0 | 61,075 |
Energy and Mines | 3,457 | 0 | 0 | 0 | 3,457 |
Environment and Local Government | 4,229 | 0 | 9,037 | 0 | 13,266 |
Executive Council Office | 846 | 0 | 0 | 0 | 846 |
Finance | 7,231,954 | 0 | 56 | 0 | 7,232,010 |
Health | 34,186 | 0 | 1,515 | 0 | 35,701 |
Justice | 6,608 | 0 | 449 | 0 | 7,057 |
Legislative Assembly | 495 | 0 | 0 | 0 | 495 |
Natural Resources | 77,123 | 40 | 3,347 | 0 | 80,510 |
Office of the Attorney General | 384 | 0 | 200 | 0 | 584 |
Opportunities New Brunswick | 11,439 | 0 | 0 | 0 | 11,439 |
Other Agencies | 554,161 | 0 | 10 | 0 | 554,171 |
Post-Secondary Education, Training | | | | | |
and Labour | 159,169 | 0 | 2,740 | 4,866 | 166,775 |
Public Safety | 183,370 | 0 | 9,140 | 0 | 192,510 |
Regional Development Corporation | 0 | 0 | 0 | 69,402 | 69,402 |
Social Development | 53,341 | 50 | 8,467 | 0 | 61,858 |
Tourism, Heritage and Culture | 3,325 | 0 | 1,579 | 4,873 | 9,777 |
Transportation and Infrastructure | 7,909 | 32,590 | 621 | 89,761 | 130,881 |
Sub-Total | 8,364,726 | 32,680 | 76,101 | 168,902 | 8,642,409 |
| | | | | |
Sinking Fund Earnings | 0 | 0 | 0 | 0 | 190,200 |
Inter-account Transactions | (10,224) | 0 | 0 | (103,620) | (113,844) |
| | | | | |
TOTAL REVENUE | 8,354,502 | 32,680 | 76,101 | 65,282 | 8,718,765 |
| | | | | |
COMPARATIVE STATEMENT OF ESTIMATED GROSS REVENUE BY SOURCE Thousands $ |
| Year Ending March 31 |
| 2016 | | 2016 | | 2017 |
| Estimate | | Revised | | Estimate |
Taxes | | | | | |
Personal Income Tax | 1,587,000 | | 1,655,000 | | 1,632,000 |
Corporate Income Tax | 258,000 | | 227,000 | | 276,200 |
Provincial Real Property Tax | 488,100 | | 502,800 | | 514,688 |
Harmonized Sales Tax | 1,184,200 | | 1,133,500 | | 1,335,600 |
Gasoline and Motive Fuels Tax | 268,200 | | 290,000 | | 288,000 |
Tobacco Tax | 135,800 | | 143,500 | | 153,500 |
Pari-Mutuel Tax | 600 | | 420 | | 420 |
Insurance Premium Tax | 53,546 | | 52,400 | | 54,000 |
Real Property Transfer Tax | 12,000 | | 13,000 | | 23,000 |
Large Corporation Capital Tax | 0 | | (30) | | 0 |
Financial Corporation Capital Tax | 27,000 | | 27,000 | | 27,000 |
Penalties and Interest | 13,000 | | 13,000 | | 13,000 |
Sub-Total: Taxes | 4,027,446 | | 4,057,590 | | 4,317,408 |
Return on Investment | 295,765 | | 221,200 | | 303,686 |
Licenses and Permits | 148,333 | | 147,574 | | 150,604 |
Sale of Goods and Services | 325,187 | | 323,254 | | 334,610 |
Royalties | 107,230 | | 91,480 | | 70,430 |
Lotteries and Gaming Revenues | 140,300 | | 143,400 | | 144,800 |
Fines and Penalties | 8,165 | | 8,211 | | 10,724 |
Miscellaneous | 61,189 | | 72,959 | | 72,362 |
TOTAL: OWN SOURCE REVENUE | 5,113,615 | | 5,065,668 | | 5,404,624 |
Unconditional Grants – Canada | | | | | |
Fiscal Equalization Payments | 1,668,900 | | 1,668,900 | | 1,708,400 |
Canada Health Transfer | 717,800 | | 719,900 | | 753,900 |
Canada Social Transfer | 273,400 | | 272,900 | | 279,000 |
Other | 1,866 | | 1,866 | | 1,866 |
Sub-Total: Unconditional Grants – Canada | 2,661,966 | | 2,663,566 | | 2,743,166 |
Conditional Grants – Canada | 219,252 | | 230,965 | | 216,936 |
TOTAL: GRANTS FROM CANADA | 2,881,218 | | 2,894,531 | | 2,960,102 |
Sub-Total | 7,994,833 | | 7,960,199 | | 8,364,726 |
Inter-account Transactions | (10,282) | | (9,998) | | (10,224) |
TOTAL: GROSS ORDINARY REVENUE | 7,984,551 | | 7,950,201 | | 8,354,502 |
TOTAL EXPENSE 2016-2017 Thousands $ |
| |
| | | Special | Special | |
| Ordinary | Capital | Purpose | Operating | |
Department | Account | Account | Account | Agencies | Total |
| | | | | |
Agriculture, Aquaculture and Fisheries | 37,209 | 1,100 | 0 | 0 | 38,309 |
Education and Early | | | | | |
Childhood Development | 1,137,886 | 2,060 | 38,940 | 0 | 1,178,886 |
Energy and Mines | 8,319 | 0 | 0 | 0 | 8,319 |
Environment and Local Government | 138,481 | 1,000 | 8,500 | 0 | 147,981 |
Executive Council Office | 11,950 | 0 | 0 | 0 | 11,950 |
Finance | 16,993 | 0 | 56 | 0 | 17,049 |
General Government | 789,743 | 3,411 | 15 | 0 | 793,169 |
Health | 2,580,772 | 19,000 | 2,000 | 0 | 2,601,772 |
Human Resources | 3,594 | 0 | 0 | 0 | 3,594 |
Justice | 44,957 | 0 | 449 | 0 | 45,406 |
Legislative Assembly | 26,030 | 0 | 0 | 0 | 26,030 |
Natural Resources | 91,697 | 0 | 3,300 | 0 | 94,997 |
Office of the Attorney General | 17,641 | 0 | 200 | 0 | 17,841 |
Office of the Premier | 1,598 | 0 | 0 | 0 | 1,598 |
Opportunities New Brunswick | 46,492 | 0 | 0 | 0 | 46,492 |
Other Agencies | 263,594 | 0 | 0 | 0 | 263,594 |
Post-Secondary Education, Training | | | | | |
and Labour | 609,985 | 2,000 | 2,658 | 4,854 | 619,497 |
Public Safety | 179,184 | 0 | 12,748 | 0 | 191,932 |
Regional Development Corporation | 79,922 | 47,207 | 0 | 74,614 | 201,743 |
Service of the Public Debt | 700,000 | 0 | 0 | 0 | 700,000 |
Social Development | 1,164,423 | 0 | 14,489 | 0 | 1,178,912 |
Tourism, Heritage and Culture | 51,514 | 2,295 | 1,560 | 5,100 | 60,469 |
Transportation and Infrastructure | 292,900 | 578,027 | 2,350 | 78,291 | 951,568 |
Total Expenditure | 8,294,884 | 656,100 | 87,265 | 162,859 | 9,201,108 |
| | | | | |
Investment in Tangible Capital Assets | (23,210) | (533,451) | 0 | 0 | (556,661) |
Inter-Account Transactions | (10,224) | 0 | 0 | (103,620) | (113,844) |
Amortization of Tangible Capital Assets | 0 | 0 | 0 | 0 | 435,186 |
| | | | | |
TOTAL EXPENSE | 8,261,450 | 122,649 | 87,265 | 59,239 | 8,965,789 |