Report B: FISCAL REVIEW AND OUTLOOK
TABLE B2
REVENUE BY SOURCE 1
CONSOLIDATED REVENUE FUND
| Budget Estimate 1997/98 |
Revised Forecast 1997/98 |
Budget Estimate 1998/99 |
Increase (Decrease) 2 | ||
| ($ millions) | (per cent) | ||||
| Taxation Revenue: | |||||
| Personal income | 5,297.0 | 5,409.0 | 5,432.0 | 0.4 | |
| Corporation income | 1,023.0 | 1,140.0 | 975.0 | (14.5) | |
| Social service | 3,142.0 | 3,242.0 | 3,283.0 | 1.3 | |
| Property | 1,295.0 | 1,290.0 | 1,330.0 | 3.1 | |
| Fuel | 623.0 | 643.0 | 643.0 | -- | |
| Other | 1,472.0 | 1,450.0 | 1,475.0 | 1.7 | |
| Less: commissions on collections of public funds | (27.0) | (25.0) | (25.0) | -- | |
| Less: allowances for doubtful accounts 3 | -- | (11.0) | (9.0) | (18.2) | |
| 12,825.0 | 13,138.0 | 13,104.0 | (0.3) | ||
| Natural Resource Revenue: | |||||
| Petroleum, natural gas and minerals | 395.0 | 496.0 | 432.0 | (12.9) | |
| Forests | 1,387.0 | 1,320.0 | 1,223.0 | (7.3) | |
| Water and other | 297.0 | 337.0 | 316.0 | (6.2) | |
| Less: commissions on collections of public funds | (2.0) | (1.0) | (2.0) | 100.0 | |
| Less: allowances for doubtful accounts 3 | -- | -- | (6.0) | -- | |
| 2,077.0 | 2,152.0 | 1,963.0 | (8.8) | ||
| Other Revenue 4 | 2,128.0 4 | 1,811.0 | 2,069.0 | 14.2 | |
| Contributions from Government Enterprises | 1,401.0 | 1,288.0 | 1,549.0 | 20.3 | |
| Contributions from the Federal Government: | |||||
| Canada health and social transfer | 1,580.0 | 1,620.0 | 1,720.0 | 6.2 | |
| Other | 199.0 | 201.0 | 166.0 | (17.4) | |
| 1,779.0 | 1,821.0 | 1,886.0 | 3.6 | ||
| Less: Revenue Allowance 5 | (130.0) | -- | |||
| TOTAL REVENUE | 20,210.0 | 20,210.0 | 20,441.0 | 1.1 | |
| 1 | Revenue amounts exclude dedicated revenue collected on behalf of, and transferred to, Crown corporations and agencies. |
| 2 | Percentage change between the 1997/98 revised forecast and the 1998/99 budget estimate. |
| 3 | To conform to the 1998/99 budget estimates, allowances for doubtful revenue accounts are shown as deductions from revenue. Previously, these amounts were recorded as expenditure. |
| 4 | Includes revenue from fees and licences, asset dispositions, investment earnings, and other miscellaneous sources. To conform to the 1998/99 budget estimate, the 1997/98 estimate has 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 reduces the 1997/98 revenue estimate by $76 million. |
| 5 | For further information, see the Revenue Forecast Based on Prudent Economic Assumptions topic box on page 26. |
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Return to Report B: Fiscal Review and Outlook |