Budget '98 -- Table B1: Summary of Transactions Consolidated Revenue Fund

Report B: FISCAL REVIEW AND OUTLOOK

TABLE B1
SUMMARY OF TRANSACTIONS
CONSOLIDATED REVENUE FUND

Budget
Estimate
1997/98 Revised
Forecast
1997/98 Budget
Estimate
1998/99

($ millions)

Revenue ² 20,210.0 ¹ 20,210.0 20,441.0

Program Expenditure 19,566.0 19,540.0 19,656.0

Program Surplus (Deficit) 644.0 670.0 785.0

Management of Public Funds and Debt 829.0 ¹ 839.0 880.0

Surplus (Deficit) (185.0) (169.0) (95.0)

Net Receipts (Disbursements) from Financing and
Working Capital Transactions ³ (345.0) (215.4) (300.0)

Decrease (Increase) in Cash and Short-Term Investments -- (37.4) 120.0

Net (Increase) Decrease in Provincial Government
Direct Operating Debt ⁴ (530.0) (421.8) (275.0)

¹ To conform to the 1998/99 budget estimates, the estimated amounts for 1997/98 have been restated to reflect a change in accounting policy with respect to earnings of sinking funds held for government direct operating debt. The effect of this restatement is to reduce the estimated amounts of both revenue and expenditure (management of public funds and debt) by $76 million. There is no effect on the estimated deficit.

² Excludes dedicated revenue collected on behalf of, and transferred to, Crown corporations and agencies.

³ 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, capital depreciation, and amortizations of reductions to unfunded pension liabilities. 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.

⁴ Includes direct debt incurred for government operating purposes. (For information on total provincial debt, including Crown corporations and agencies, see Table H7.)

Return to Report B: Fiscal Review and Outlook

	Budget Estimate 1997/98	Revised Forecast 1997/98	Budget Estimate 1998/99
	($ millions)
Revenue ²	20,210.0 ¹	20,210.0	20,441.0
Program Expenditure	19,566.0	19,540.0	19,656.0
Program Surplus (Deficit)	644.0	670.0	785.0
Management of Public Funds and Debt	829.0 ¹	839.0	880.0
Surplus (Deficit)	(185.0)	(169.0)	(95.0)
Net Receipts (Disbursements) from Financing and Working Capital Transactions ³	(345.0)	(215.4)	(300.0)
Decrease (Increase) in Cash and Short-Term Investments	--	(37.4)	120.0
Net (Increase) Decrease in Provincial Government Direct Operating Debt ⁴	(530.0)	(421.8)	(275.0)

¹	To conform to the 1998/99 budget estimates, the estimated amounts for 1997/98 have been restated to reflect a change in accounting policy with respect to earnings of sinking funds held for government direct operating debt. The effect of this restatement is to reduce the estimated amounts of both revenue and expenditure (management of public funds and debt) by $76 million. There is no effect on the estimated deficit.
²	Excludes dedicated revenue collected on behalf of, and transferred to, Crown corporations and agencies.
³	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, capital depreciation, and amortizations of reductions to unfunded pension liabilities. 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.
⁴	Includes direct debt incurred for government operating purposes. (For information on total provincial debt, including Crown corporations and agencies, see Table H7.)