1. Pre-budget Consultations
February 2017

2. Budget 2017 Province faces serious fiscal challenges
No tax increases – focus on creating efficiencies and improving service delivery
Continued commitment to achieve surplus budget by
Look inside government for savings
Better outcomes of programs and services
September 17, 2018

3. Financial Overview 2016-17 Variance Budget Fall Update Revenue 6,367.9
6,567.7
199.8
Net Income of Government Business Enterprises
408.4
425.5
17.1
Total Revenue
6,776.3
6,993.2
216.9
Gross Expenses:
Program Expenses
7,499.0
7,387.9
(111.1)
Debt Servicing Expenses
982.3
1,113.9
131.6
Total Expenses
8,481.3
8,501.8
20.5
Risk Adjustment
(125.0)
(75.0)
50.0
Adjusted Deficit
(1,830.0)
(1,583.6)
246.4
September 17, 2018

4. Where does the Money Go?
September 17, 2018

5. How do we Spend our Operating Dollars? HEADLINE
September 17, 2018September 17, 2018

6. How do we Spend our Salary Dollars (includes salaries and employee benefits)
February 1, 2017

7. Average for Other Provinces*
NL Expenditures put into Perspective
2016/17 Fiscal Indicators NL
Average for Other Provinces*
Annual Provincial Revenue Per Person
$12,855
$11,101
Total Annual Provincial Expenditure Per Person
$16,089
$11,528
Annual Provincial Expense Per Person (excluding interest costs)
$14,226
$10,800
Annual Provincial Interest Cost Per Person
$1,863
$728
Annual Provincial Deficit Per Person
($3,235)
($408)
* Excluding NL
September 17, 2018

8. Oil Royalties – It’s Just Not Enough
September 17, 2018

9. Identifying Budget Priorities
Your feedback is requested to identify priorities under these areas:
A more efficient public service
A stronger economic foundation
Better services
Better outcomes
September 17, 2018