Sentences with phrase «expenditures on a net basis»

Not exact matches

The accounting basis is not the same — the Estimates are on a cash basis of accounting while the Budget is on an accrual basis; the coverage is not the same — with the exception of the Guaranteed Income Supplement, tax expenditures are not included in the Estimates; and the Estimates are on a net basis, netting off revenues against applicable spending, while the Budget is on a gross basis, recording such charges / fees as revenues.

In addition, the Budget records expenses on a gross basis, whereas the Estimates net out any third party revenues associated with these expenditures.

The Public Accounts / Budget presents expenditures on a gross basis, whereas the Estimates reports spending on a net basis.