The following electronic version is for
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The printed version remains the official version.
 		BUDGET 97: REPORTS
Ministry of Finance and Corporate Relations
Province of British Columbia

TABLE H5
REVENUE BY SOURCE 1
CONSOLIDATED REVENUE FUND
  Actual 2
1993/94		 Actual 2
1994/95		 Actual 2
1995/96		 Revised
Forecast
1996/97		 Budget
Estimate
1997/98		 Annual
Rate of
Growth
1993/94
to
1997/98
Taxation Revenue: ($ millions) (per cent)
  Personal income 4,477.9 3 4,707.2 4,993.1 5,290.0 5,297.0 4.3
  Corporation income 719.4 997.8 1,225.2 1,355.0 1,023.0 9.2
  Social service 2,661.1 2,884.4 2,999.6 3,051.0 3,142.0 4.2
  Fuel 641.8 666.7 678.4 662.0 623.0 (0.7)
  Tobacco 482.6 516.7 482.3 475.0 479.0 (0.2)
  Property -- residential
    (school purpose)		 441.6 469.6 480.5 497.0 507.0 3.5
  Property -- business
    (school purpose)		 685.7 690.0 701.6 702.0 724.0 1.4
  Property -- rural area 57.7 52.0 63.3 63.0 64.0 2.6
  Property transfer 372.6 339.1 266.1 315.0 323.0 (3.5)
  Corporation capital 359.1 399.6 380.2 398.0 425.0 4.3
  Insurance premium 151.7 156.7 175.7 170.0 173.0 3.3
  Hotel room 63.3 76.0 81.7 82.0 66.0 4 1.0
  Horse racing 5.7 6.9 6.4 6.0 6.0 1.3
  Less commissions on collection
    of public funds		 (19.7) (25.8) (24.6) (26.0) (27.0) --
  Total taxation revenue 11,100.5 11,936.9 12,509.5 13,040.0 12,825.0 3.7
Natural Resource Revenue:
  Petroleum and natural gas:
    Natural gas royalties 134.2 130.8 94.1 152.0 121.0 (2.6)
    Permits and fees 214.0 219.5 168.1 198.0 155.0 (7.7)
    Petroleum royalties 44.8 49.8 52.7 75.0 75.0 13.7
  393.0 400.1 314.9 425.0 351.0 (2.8)
  Minerals 46.4 65.5 77.5 50.0 44.0 (1.3)
  Forests:
    Timber sales 709.3 1,042.9 889.4 1,045.0 1,050.0 10.3
    Small business forest
    enterprise program		 282.5 374.8 312.6 300.0 300.0 1.5
    Logging Tax 21.9 69.1 134.1 40.0 25.0 3.4
    Other forests revenue 17.9 12.1 11.8 12.0 12.0 (9.5)
  1,031.6 1,498.9 1,347.9 1,397.0 1,387.0 7.7
  Water resources 284.8 261.8 267.7 258.0 280.0 (0.4)
  Wildlife Act 16.8 18.6 19.0 15.0 17.0 0.3
  Less commissions on collection
    of public funds		 (1.1) (1.1) (1.1) (2.0) (2.0) --
  300.5 279.3 285.6 271.0 295.0 (0.5)
    Total natural resource revenue 1,771.5 2,243.8 2,025.9 2,143.0 2,077.0 4.1
Other Revenue:
  Medical Services Plan premiums 778.3 805.2 822.4 868.0 887.0 3.3
  Motor vehicle licences
    and permits		 277.5 306.1 326.3 315.0 312.0 3.0
  Other fees and licences 349.5 380.0 333.5 361.0 437.3 5.8
  Investment earnings 128.4 63.1 139.4 130.0 121.0 (1.5)
  British Columbia
    Endowment Fund 5		 70.6 80.2 27.7 -- -- (100.0)
  Miscellaneous 231.5 266.1 277.7 294.0 357.0 11.4
  Asset dispositions 6 -- -- -- -- 170.0 --
  Less commissions on collection
    of public funds		 (22.7) (24.5) (23.5) (46.0) (80.3) --
    Total other revenue 1,813.1 1,876.2 1,903.5 1,922.0 2,204.0 5.0
Contributions from
    Government Enterprises:
  Liquor Distribution Branch 554.8 568.5 567.1 584.0 592.0 1.6
  British Columbia Hydro
    and Power Authority		 244.7 198.0 114.8 284.0 373.0 11.1
  British Columbia
    Lottery Corporation		 233.8 235.4 244.2 266.0 323.0 8.4
  Other 7 15.0 26.0 41.5 14.0 113.0 65.7
    Total contributions from
    government enterprises		 1,048.3 1,027.9 967.6 1,148.0 1,401.0 7.5
Contributions from the
    Federal Government:
  Canada health and
    social transfer 8		 2,090.5 3 2,242.7 2,222.1 1,775.0 1,580.0 (6.8)
  Other 178.6 219.8 172.0 179.0 199.0 2.7
    Total contributions from the
    federal government		 2,269.1 2,462.5 2,394.1 1,954.0 1,779.0 (5.9)
TOTAL REVENUE 18,002.5 19,547.3 19,800.6 20,207.0 20,286.0 3.0

1  For comparative purposes, figures for prior years have been restated to be consistent with the presentation used in 1997/98. Revenue amounts exclude dedicated revenue collected on behalf of, and transferred to, Crown corporations and agencies.
2  To conform to the 1997/98 budget estimates, revenue has been restated to show commissions and/or remunerations received by businesses or agents for services relating to the administration, collection, and management of revenue and accounts on behalf of the government as authorized under various statutes/regulations. Previously, certain revenue amounts were presented net of collection commissions and fees. This restatement does not affect the total revenue figures each year.
3  For comparative purposes, revenue has been restated to reflect an accounting change in 1993/94 to record personal income tax on an accrual basis. This change also affects Canada health and social transfer revenue as the amount of the entitlement is determined by deducting a tax transfer of 13.5 points of personal income tax and one point of corporate income tax. Revenue includes actual and estimated amounts due to the province regardless of when the cash is received.
4  The 1997/98 budget estimate reflects the expectation that a portion of the hotel room tax will be dedicated to a new tourism initiative.
5  The British Columbia Endowment Fund was dissolved effective June 30, 1995.
6  Includes estimated revenue to be realized through dispositions of assets resulting from reviews of government properties, agencies and other assets to identify those assets surplus to government's needs.
7  Includes British Columbia Building Corporation, British Columbia Rail Company, British Columbia Systems Corporation, WLC Developments Ltd. and other Crown corporations.
8  In 1996/97, the federal government introduced the Canada health and social transfer, replacing the former established programs financing and Canada assistance plan programs.

Budget 97 Reports

BC Budget 97

BC Ministry of Finance and Corporate Relations

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