Sentences with phrase «budgetary revenues»

The deficit is the difference between two large numbers: budgetary revenues of $ 282.3 billion and total expenses of $ 280.4 billion (figures for 2014 - 15).

Still to come are the end - of - year accounting adjustments, primarily reflecting the final accrual adjustments for budgetary revenues and liabilities for program expenses.

Within budgetary revenues, gains were recorded in income taxes and employment insurance premiums, while declines were reported in sales and excise taxes / duties and other revenues.

Within budgetary revenues, «other» revenues, consisting of net profits from enterprise Crown corporations, revenues from sales of goods and services, return on investments, net foreign exchange revenues and miscellaneous revenues were down $ 1.5 billion, or 11.0 %, solely due to the gain realized on the sale of the Government's remaining shares in GM in April 2015.

Within budgetary revenues, «other» revenues, consisting of net profits from enterprise Crown corporations, revenues from sales of goods and services, return on investments, net foreign exchange revenues and miscellaneous revenues were down $ 1.7 billion, or 19.4 %, primarily due to the gain realized on the sale of the Government's remaining shares in GM in April 2015.

Of this $ 0.8 billion improvement, budgetary revenues were up by $ 5.1 billion, reflecting higher revenues in all major components with the exception of corporate income taxes, non-resident taxes and «other revenues».

Within budgetary revenues, all major components were higher with the exception of corporate income taxes and other excise taxes and duties.

Total budgetary revenues were up by $ 5.8 billion for the first eight months of 2013 - 14 on a year - over-year basis, compared to an increase of $ 8.6 billion expected in the November 2013 Update for the year as a whole.

Within budgetary revenues, «other» revenues, (consisting of net profits from enterprise Crown corporations, revenues from sales of goods and services, return on investments, net foreign exchange revenues and miscellaneous revenues) were down $ 1.4 billion, (9.1 %,) solely due to the $ 2.2 billion gain realized on the sale of the Government's remaining shares in GM in April 2015.

Of the $ 6.0 billion deterioration in the federal balance to date, budgetary revenues were $ 1.5 billion lower (a decline of 2.1 %) and program expenses were up by $ 5.1 billion (8.3 %).

Budgetary revenues are expected to be $ 5.0 billion higher than forecast in the April 2017 Budget, program expenses $ 3.1 billion higher and public debt charges $ 0.4 billion lower.

As noted above, the final outcome for budgetary revenues in 2016 - 17 will largely be dependent on what impact tax planning in 2015 - 16 will have on the results for 2016 - 17.

Depending on the impact of the 2015 - 16 tax planning budgetary revenues could be slightly lower than forecast in the March 2017 Budget.

Budgetary revenues were virtually unchanged, while program expenses were up by $ 20.0 billion (up 8.5 %).

Within budgetary revenues, personal income taxes were virtually unchanged, as gains in employment income subject to tax were offset the impact of the Budget 2016 tax reductions.

In the November 2016 Update, budgetary revenues were forecast to decline by $ 4.5 billion or 1.5 %.

Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact of tax planning by high - income individuals, which recognized tax liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.

Within budgetary revenues, personal income tax revenues were up $ 4.2 billion (6.2 %), in line with the Update's forecast for the year as a whole.

Based on the results to date, budgetary revenues could be lower than forecast in the Update.

Within budgetary revenues, personal income tax revenues were up $ 6.9 billion (6.8 %).

If the year - of - year accrual for 2017 - 18 mirrors those of the past two years, then the outcome for budgetary revenues should be in line with the FES forecast.

Budgetary revenues declined by $ 2.0 billion (0.7 %), while program expenses increased by $ 16.2 billion (6.0 %).

First, the IFSD study forecasts lower budgetary revenues, amounting to $ 6.1 billion in 2022 - 23.

The Department of Finance did minor «fine - tuning» of some of the components of budgetary revenues and expenses but on balance these were offsetting.

As nominal GDP is the underlying tax base for budgetary revenues, this would suggest a marginal improvement in the fiscal forecast throughout the entire period, all other things remaining equal.

Budgetary revenues to the end of February are running about one percentage point below that forecast in the Match 2011 Budget, due primarily to lower - than - expected personal income tax and other revenues.

In the 2006 Budget, the Government introduced a number of accounting policy changes, one of which was to present budgetary revenues and expenses on a gross rather than a net basis.

Excluding these royalties still leaves $ 7 billion in revenue from «sales of goods and services», accounting for 3.2 per cent of total budgetary revenues in 2009 - 10.

In the first four months of 2017 - 18, budgetary revenues were up $ 6.4 billion (46.8 %) compared to the same period last year.

Within budgetary revenues, personal income and non-resident tax revenues were each up by $ 0.5 billion; sales and excise tax revenues were up by $ 0.6 billion, while other revenues were $ 0.4 billion higher.

If the end - of - year accrual for personal income taxes comes in lower - than - expected, then budgetary revenues would be lower than forecast in the FES, by as much as $ 4 billion.

What's more, government forecasts show corporate income tax revenues climbing by roughly a third between now and 2015 - 16 — at which point they will account for 12.2 per cent of total federal budgetary revenues.

The increase in the year - over-year deficit was primarily due to lower budgetary revenues (down $ 5.0 billion), reflecting the timing of receipts.

Of the $ 2.9 billion year - over-year improvement, budgetary revenues were up by $ 3.4 billion, public debt charges declined by $ 1.1 billion, while program expenses were up by $ 1.6 billion.

On balance, budgetary revenues increased by 4.3 % on a year - over-year basis, bang on the March 2013 Budget forecast for the year as a whole.

Within budgetary revenues, the year - over-year changes to date for all major components were higher, with the exception of Goods and Service Tax revenues, which declined by 2 %.

Of this $ 3.1 billion improvement, budgetary revenues were up by $ 4.8 billion, reflecting higher revenues in all major components with the exception of «other revenues».

Budgetary revenues were up by $ 9.8 billion, primarily due to higher personal and corporate income tax revenues, while program expenses were down by $ 4 billion, due to lower «other transfer payments» and employment insurance benefits, partially offset by higher transfers to provinces and elderly benefits.

Of the $ 3.2 billion year - over-year improvement, budgetary revenues were up by $ 3.9 billion, primarily due to higher personal income tax revenues (up $ 3.4 billion, reflecting increases in employment and average wages) and employment insurance premiums (up $ 1.6 billion reflecting higher premium rates and an increase in maximum insurable earnings).

Premium revenues will continue to be included as part of the federal government's budgetary revenues and program expenses, both benefits and administration costs, will continue to be part of the federal government's total expenses.

All of the higher - than - expected budgetary revenues were due to corporate income tax revenues (up $ 2.0 billion).

Within budgetary revenues, the year - over-year changes to date for all major components were higher, with the exception of corporate income taxes (down $ 0.5 billion) and excise taxes duties ($ 0.1 billion).

On balance, budgetary revenues increased by 2.2 % on a year - over-year basis, compared to a 4.3 % increase in the March 2013 Budget forecast for the year as a whole.

Based on the results to date, budgetary revenues appear to be somewhat weaker than forecast in Budget 2013, primarily reflecting a decline in personal income tax revenues in March 2013 compared to March 2012.

This resulted in a net gain in budgetary revenues of $ 0.6 billion, but an expense of $ 1.2 billion, resulting from the revaluation of its liability to Ontario [4].

Budgetary revenues were $ 1.9 billion higher, but the biggest difference was in program expenses, which were $ 5.2 billion lower than forecast in the March 2013 Budget.

Of this $ 0.7 billion improvement, budgetary revenues were up by $ 4.6 billion, reflecting higher revenues in all major components with the exception of non-resident taxes and «other revenues».

Although the forecast for budgetary revenues appears to be on track, with higher - than - expected personal income tax revenues more than offsetting lower - than - expected Goods and Service Tax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstated.

Financial results to date indicate that budgetary revenues for 2012 - 13 could be somewhat higher than estimated in the November 2012 Update.

With a progressive tax system, one would have expected a growth rate of about 3.5 % in budgetary revenues, not 5 %.