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TheNewTeddy

Provincial budgets and Royalties

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I collected some data from all the budget estimate documents from all 10 provinces and then began to compare them. These are my results.

Provinces

% of budget from Royalties

NL - 33.74%

SK - 27.88%

AB - 27.81%

BC - 6.93%

NB - 1.52%

NS - 1.24%

QC - 0.58%

MB - 0.26%

ON - 0.21%

PE - 0.02%

*QC - 4.71% (if Hydro revenues are counted as a royalty)

% of budget from Equlization

PE - 22.32%

NB - 19.93%

MB - 16.78%

NS - 15.12%

QC - 12.19%

ON - 3.23%

Months to pay off debt (IE if all revenue were dumped into debt repayment, how long would it take)

ON - 23

QC - 21

NS - 17

NL - 15

MB - 14

NB - 14

PE - 13

BC - 9

SK - 4

AB - (6) [AB could operate for 6 months without any revenue by dipping into it's savings account]

Interest on debt as % of the budget

QC - 11.61%

NS - 9.49%

NB - 8.20%

ON - 8.08%

PE - 6.49%

BC - 5.74%

NL - 5.59%

SK - 3.57%

MB - 2.21%

AB - 1.29% (one would presume AB has a net not gross surplus account)

Interest on debt as a % of royalty payments

PE - 36,666%

ON - 4,103%

QC - 2,129%

MB - 889%

NS - 804%

NB - 550%

BC - 84.26%

NL - 16.28%

SK - 12.71%

AB - 4.74%

Provinces that have over 2% of revenue from Royalties that collect Equilization

None

Provinces that have over 2% of revenue from Royalties that have a deficit of over 2.5% (compared to total revenue)

None

Provinces that have under 2% of revnue from Royalties that have a deficit of under 2.5%

None

List of provinces that collect over 5% of their total revenue from Royalties:

BC, AB, SK, NL

List of "have" provinces

BC, AB, SK, NL

List of provinces that collect under 2% of their total revenue from Royalties

MB, ON, QC, NB, NS, PE

List of "have not" provinces

MB, ON, QC, NB, NS, PE

I'd like to spark a discussion as to how the have-not provinces can become have provinces without royalties.

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Maybe a little more data to get a discussion rolling about Provinces and their Budgets?

NL

Roy - $2,224 (Royalties, in millions, mostly from Oil/NatGas)

Inc - $948 (Income Taxes)

Sal - $891 (Sales Taxes)

Crp - $724 (Corporate Taxes)

Gas - $174 (Gasoline Taxes)

Cig - $136 (Tobacco Taxes)

Can - $600 (From Canadian Govt. IE Transfers)

REV - $6,591 (Total Revenues)

Int - $362 (Debt Interest)

ssw - $825 (Social Services & Welfare)

Hth - $2,423 (Health)

Edu - $1,235 (Education)

EXP - $6,481 (Total Expenditures)

DEB - $8,129 (Total Debt)

-

-

PE

Roy - $0.3 (Other Royalty sources: Wind power, Timber)

Inc - $290

Sal - $218

Crp - $41

Gas - $43

Cig - $40

Prp - $106 (Property Taxes)

Can - $509

Equ - $337 (Equalization. Included in above figure!)

REV - $1,510

Int - $110

ssw - $93 (Note provinces report things differently...)

Hth - $542 (...Hence these numbers will vary widely...)

Edu - $229 (...from province to province)

EXP - $1,536

DEB - $1,695

-

-

NS

Roy - $110

Inc - $1,981

Sal - $1,621

Crp - $393

Gas - $253

Cig - $213

Can - $3,006

Equ - $1,342

REV - $8,877

Int - $885

ssw - $985

Hth - $3,768

Edu - $1,135

EXP - $9,336

DEB - $12,827

-

-

NB

Roy - $122

Inc - $1,317

Sal - $(forgot to grab, will edit in)

Crp - $223

Gas - $247

Cig - $150

Prp - $469

Can - $2,728

Equ - $1,597

REV - $8,013

Int - $672

ssw - $1,074

Hth - $2,585

Edu - $1,093

EXP - $8,196

DEB - $9,480

-

-

QC

Roy - $366

Hyd - $2,586 (Hydro Quebec Profits)

Inc - $18,897

Hth - $6,162 (Health Charge?)

Sal - $14,548

Crp - $4,078

Gas - $CNF (could not find)

Cig - $CNF

Can - $15,039

Equ - $7,639

REV - $62,650

Int - $7,794

ssw - $CNF

Hth - $CNF

Edu - $CNF

EXP - $67,150

DEB - $111,902

-

-

ON

Roy - $240

Inc - $25,800

Hth - $3,100 (Health Charge?)

Sal - $21,100

Crp - $10,800

Gas - $CNF

Cig - $CNF

Prp - $5,600

Can - $21,800

Equ - $3,621

REV - $112,200

Int - $9,849

ssw - $9,985

Hth - $47,090

Edu - $24,006

EXP - $121,842

DEB - $214,511

-

-

MB

Roy - $29

Inc - $2,796

Sal - $1,834

Crp - $620

Gas - $296

Cig - $256

Can - $3,599

Equ - $1,872

REV - $11,158

Int - $258

ssw - $CNF

Hth - $5,152

Edu - $2,321

EXP - $11,695

DEB - $12,837

-

-

SK

Roy - $3,148

Inc - $2,084

Sal - $1,348

Crp - $817

Gas - $508

Cig - $247

Can - $1,586

REV - $11,290

Int - $400

ssw - $852

Hth - $4,680

Edu - $1,351

EXP - $11,195

DEB - $3,783

-

-

AB

Roy - $11,198

Inc - $9,314

Crp - $4,471

Gas - $850

Cig - $925

Prp - $1,762

Can - $4,915

REV - $40,263

Int - $531

ssw - $2,556

Hth - $15,864

Edu - $6,543

EXP - $41,149

SAV - $21,653 (Savings)

-

-

BC

Roy - $2,986

Inc - $6,630

Sal - $6,101

Crp - $2,266

Gas - $937

Crb - $1,172 (carbon tax)

Cig - $652

Can - $7,257

REV - $43,101

Int - $2,516

ssw - $3,928

Hth - $17,970

Edu - $11,761

EXP - $43,869

DEB - $30,637

-

-

Next I will convert these numbers to per-capita for comparison

Edited by TheNewTeddy

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