Debates of February 20, 2014 (day 15)

Date
February
20
2014
Session
17th Assembly, 5th Session
Day
15
Speaker
Members Present
Hon. Glen Abernethy, Hon. Tom Beaulieu, Ms. Bisaro, Mr. Blake, Mr. Bouchard, Mr. Bromley, Mr. Dolynny, Mrs. Groenewegen, Mr. Hawkins, Hon. Jackie Jacobson, Hon. Jackson Lafferty, Hon. Bob McLeod, Hon. Robert McLeod, Mr. Menicoche, Hon. Michael Miltenberger, Mr. Moses, Mr. Nadli, Hon. David Ramsay, Mr. Yakeleya
Topics
Statements

WRITTEN QUESTION 10-17(5): TAX REVENUES IN THE 2014-2015 MAIN ESTIMATES

Thank you, Mr. Speaker. My questions are for the Minister of Finance. The revenue summary in the 2014-15 Main Estimates, Department of Finance, page 5-9, lists personal income tax at $104.8 million and corporate income tax at $53.1 million. The 2014-15 budget address stated these revenues will be about $30 million lower than forecasted.

Please advise, in dollars, how much personal income tax and corporate income tax revenues are expected in fiscal year 2014-15, including the anticipated loss of $30 million.

Please advise the total expected revenues, in dollars, for the fiscal year 2014-15.

Please advise how our expenditures will be adjusted to account for the anticipated $30 million loss of revenues.

Thank you.