Report B: FISCAL REVIEW AND OUTLOOK

TABLE B1
SUMMARY OF TRANSACTIONS
CONSOLIDATED REVENUE FUND


Budget
Estimate
1998/99

Revised
Forecast
1998/99

Budget
Estimate
1999/00


($ millions)
Revenue1 20,441.0 20,224.0 20,155.0
Program Expenditure 19,656.0 19,891.8 20,105.0
Program Surplus (Deficit) 785.0 332.2 50.0
Management of Public Funds and Debt 880.0 876.2 940.0
Surplus (Deficit) (95.0) (544.0) (890.0)
Net Receipts (Disbursements) from Financing and Working Capital Transactions2 (300.0) (543.5) (542.0)
Decrease (Increase) in Cash and Short-Term Investments 120.0 372.5
Net (Increase) Decrease in Provincial Government Direct Operating Debt3 (275.0) (715.0) (1,432.0)
 
1 Excludes revenue collected on behalf of, and transferred to, Crown corporations, agencies and other entities. Details are shown in Table H5
2 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.
3 Represents direct debt incurred for government operating purposes. (For information on total provincial debt, including Crown corporations and agencies, see Table H7.)

 

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