Ministry of Finance and Corporate Relations Honourable Paul Ramsey, Minister	This electronic version is for informational purposes only. The printed version remains the official version.

Report B: FISCAL REVIEW AND OUTLOOK

TABLE B6
FACTORS AFFECTING THE 2000/01 REVENUE BUDGET ESTIMATE

				Factors	Forecast
				—— ($ millions) ——
1999/00 revised revenue forecast					21,385
Less:
	—	One-time revenue received in 1999/00 for additional assessments of personal income tax for 1998 and previous years		(293)
	—	One-time CHST revenue received in 1999/00 for changes to entitlements for 1998/99 and previous years		(50)
	—	Further reductions in 2000/01 due to 1998/99 and 1999/00 federal and provincial budget measures:
			Provincial	(110)1
			Federal	(45)
	—	Reductions due to 2000/01 federal and provincial budget measures:
			Provincial	(227)
			Federal	(44)	(769)
Add:
	—	Effect of economic growth in 2000 and 2001		590
	—	CHST: formula and supplement changes		236
	—	Other policy and base changes (e.g. land sales and other sources)		58	884
2000/01 revenue budget estimate					21,500
1  Includes an additional $14 million of dedicated fuel tax transferred to the BC Transportation Financing Authority in 2000/01 (increased to 3.25 cents/litre from 3.00 cents/litre, effective April 1, 2000).