Budget 97 Reports
BC Budget 97
BC
Ministry of Finance and Corporate Relations
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The following electronic version is for informational purposes only. The printed version remains the official version. |
BUDGET 97: REPORTS Ministry of Finance and Corporate Relations Province of British Columbia |
| Budget Estimate 1996/97 1 |
Revised Forecast 1996/97 |
Budget Estimate 1997/98 |
|
| Revenue 2 | 20,672.0 | 20,207.0 | 20,286.0 |
| Program Expenditure | 19,573.0 3 | 19,646.3 | 19,566.0 |
| Program Surplus (Deficit) | 1,099.0 | 560.7 | 720.0 |
| Management of Public Funds and Debt | 1,001.0 | 955.7 | 905.0 |
| Surplus (Deficit) | 98.0 | (395.0) | (185.0) |
| Net Receipts (Disbursements) from Financing and Working Capital Transactions 4 |
(45.0) | (467.0) | (345.0) |
| Decrease (Increase) in Cash and Short-Term Investments |
-- | 25.0 | -- |
| Net (Increase) Decrease in Provincial Government Direct Debt 5 |
53.0 | (837.0) | (530.0) |
| 1 | To conform to the 1997/98 budget estimate, the estimated amounts for 1996/97 have been restated to reflect a change in the basis of accounting for the BC Family Bonus entitlement, a portion of which is deducted from revenue. The effect of this restatement is to increase 1996/97 budget estimates for revenue and expenditure by $13 million. There is no effect on the estimated surplus. |
| 2 | Excludes dedicated revenue collected on behalf of, and transferred to, Crown corporations and agencies. |
| 3 | To conform to the 1997/98 budget estimate, the estimated expenditure amount for 1996/97 has been restated to reflect an accounting policy change in respect of tangible capital assets. The effect of this restatement is to reduce the 1996/97 estimated expenditure amount by $11 million, and to increase the estimated surplus by the same amount. (For information on accounting policy changes see the Summary Financial Statements and Accounting Policy Changes topic box.) |
| 4 | Financing and working capital transactions represent either a source or use of funds, such as the payment or collection of loans and accounts payable/receivable, or non-cash transactions including allowances for doubtful accounts. They do not cause a change in the annual surplus (deficit) but only a change in the composition of the provincial government's assets and liabilities. |
| 5 | Includes direct debt incurred for government operating purposes. (For information on total provincial debt, including Crown corporations and agencies, see Table H7.) |
BC
Ministry of Finance and Corporate Relations
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