STATEMENT I NEWFOUNDLAND AND LABRADOR SUMMARY OF BORROWING REQUIREMENTS 1996-97 and 1995-96 (Revised) 1996-97 Estimates 1995-96 Revised ($000) ($000) ($000) ($000) BUDGETARY REQUIREMENTS Current Account: Gross Expenditure 3,207,352 3,214,914 Related Revenues 208,247 256,500 Net Expenditure 2,999,105 2,958,414 Provincial and Federal Revenues 3,060,455 3,115,894 Financial Contribution (61,350) (157,480) Capital Account: Gross Expenditure 200,453 273,855 Related Revenues 124,331 120,185 Net Expenditure 76,122 153,670 Other: Contingency Reserve (Note 1) 30,000 - TOTAL BUDGETARY REQUIREMENTS (CONTRIBUTION) 44,772 (3,810) NON-BUDGETARY TRANSACTIONS DEBT RETIREMENT Redemptions (See Appendix II) 311,519 53,482 Sinking Funds (See Appendix II) 44,873 47,605 356,392 101,087 TOTAL BORROWING REQUIREMENTS 401,164 97,277 Note 1: Appropriations provide for a contingency for unforeseen expenditures which may arise during the year or to guard against potential negative revenue variances. Expenditure of these funds will require Cabinet approval. If and when such approval is provided, the expenditures will be transferred to the appropriate Government Department or Agency. STATEMENT II COMPARATIVE SUMMARY OF CURRENT AND RELATED REVENUES 1996-97 and 1995-96 Revised 1996-97 1995-96 Estimates Revised ($000) ($000) PROVINCIAL: Taxation: Retail Sales Tax 541,000 565,424 Personal Income Tax 583,000 553,632 Gasoline Tax 120,600 121,947 Corporate Income Tax 50,500 62,794 Tobacco Tax 64,000 65,575 Mining Tax and Royalties 22,000 19,121 Payroll Tax 71,600 77,312 Other 26,800 25,895 1,479,500 1,491,700 General Revenues: Newfoundland Liquor Corporation 75,000 81,450 Vehicle and Drivers Licences 45,240 44,897 Lottery Revenues 79,000 73,461 Registry of Deeds 10,100 10,018 Fines and Forfeitures 8,875 8,174 Other 30,986 43,782 249,201 261,782 Expenditure Programs - Related Revenues: Recoveries - Sinking Fund Surpluses 13,177 70,413 Interest Income 20,578 10,624 Other 100,777 87,057 134,532 168,094 TOTAL: PROVINCIAL REVENUES 1,863,233 1,921,576 GOVERNMENT OF CANADA: Fiscal Transfer Payments: Equalization Payments 938,500 911,598 Canada Health and Social Transfer (CHST) 340,700 - Established Programs Financing Grant (EPF) - 221,817 Canada Assistance Plan (CAP) - 205,459 Provincial Share of Utility Companies Tax 800 13,784 Term 29 Award 50,000 8,000 Statutory Subsidies 1,754 1,754 1,331,754 1,362,412 Cost Shared Programs: Resource 23,323 10,006 offshore Fund 4,093 3,069 Human Resources Development 13,920 18,396 Native Peoples 9,023 8,628 Other 23,356 48,307 73,715 88,406 TOTAL: GOVERNMENT OF CANADA REVENUES 1,405,469 1,450,818 TOTAL: CURRENT AND RELATED REVENUES 3,268,702 3,372,394 Note: Beginning in the 1996-97 fiscal year, the CHST replaces EPF and CAP transfers. CAP transfers were previously included as Federal related revenues. STATEMENT III SUMMARY OF CURRENT AND CAPITAL ACCOUNT EXPENDITURES 1996-97 and 1995-96 Revised 1996-97 1995-96 ------------------------------------------- ------- Gross Related Net Revised Expenditure Revenue Expenditure (Net) General Government Sector Consolidated Fund Services 616,303,600 55,617,000 560,686,600 508,353,200 Executive Council 21,291,900 1,334,400 19,957,500 19,487,200 Finance 41,603,300 44,371,100 (2,767,800) 4,956,900 Government Services & Lands 23,273,000 3,237,000 20,036,000 18,715,400 Legislature 10,852,600 185,900 10,666,700 14,115,700 Public Service Commission 1,887,100 62,300 1,824,800 2,676,400 Works, Services and Transportation 218,268,000 84,110,700 134,157,300 153,899,300 Resource Sector Development & Rural Renewal 61,900,000 37,682,200 24,217,800 30,829,400 Environment and Labour 12,095,800 5,155,200 6,940,600 9,269,500 Fisheries and Aquaculture 12,905,400 2,443,800 10,461,600 11,518,300 Forest Resources & Agrifoods 52,693,000 8,572,800 44,120,200 45,046,700 Industry, Trade & Technology 28,888,600 8,381,200 20,507,400 19,226,600 Mines and Energy 10,167,400 1,056,800 9,110,600 9,918,700 Tourism, Culture & Recreation 34,818,300 8,051,000 26,767,300 32,974,300 Social Sector Education 714,993,500 22,286,000 692,707,500 716,776,600 Health 915,108,300 10,873,900 904,234,400 912,883,400 Justice 108,628,800 7,025,600 101,603,200 107,621,000 Municipal and Provincial Affairs 145,184,200 22,292,400 122,891,800 127,902,000 Newfoundland and Labrador Housing Corporation 8,200,000 - 8,200,000 13,565,000 Social Services 368,741,800 9,838,900 358,902,900 352,348,400 TOTAL 3,407,804,600 332,578,200 3,075,226,400 3,112,084,000 AMOUNT TO BE VOTED 1996-97 Gross Current and Capital Expenditure 3,407,804,600 Contingency Reserve 30,000,000 Less: Expenditures Approved by Statute: Interest 538,063,700 Pensions and Gratuities 53,422,300 Debt Management Expenses 2,727,000 Issues under Guarantee 1,000,000 Salaries (Auditor General) 93,800 595,306,800 Amount to be Voted by Supply Bill 2,842,497,800 STATEMENT IV SUMMARY OF CURRENT ACCOUNT EXPENDITURES 1996-97 and 1995-96 Revised 1996-97 1995-96 -------------------------------- ------- Gross Related Net Revised Expenditure Revenue Expenditure (Net) ($000) ($000) ($000) ($000) General Government Sector Consolidated Fund Services 615,226 55,616 559,610 501,046 Executive Council 21,292 1,334 19,958 19,487 Finance 41,603 33,544 8,059 14,564 Government Services and Lands 23,033 2,997 20,036 18,680 Legislature 10,853 186 10,667 14,116 Public Service Commission 1,887 62 1,825 2,677 Works, Services and Transportation 133,120 17,421 115,699 95,057 Resource Sector Development and Rural Renewal 52,350 19,167 33,183 31,394 Environment and Labour 12,096 5,155 6,941 9,270 Fisheries and Aquaculture 11,537 2,044 9,493 10,438 Forest Resources and Agrifoods 47,593 6,173 41,420 41,947 Industry, Trade and Technology 27,933 8,381 19,552 17,916 Mines and Energy 9,167 307 8,860 9,919 Tourism, Culture and Recreation 28,033 4,258 23,775 27,764 Social Sector Education 701,698 20,798 680,900 695,947 Health 903,300 10,224 893,076 889,419 Justice 108,629 7,026 101,603 107,621 Municipal and Provincial Affairs 81,060 3,715 77,345 85,239 Newfoundland and Labrador Housing Corporation 8,200 - 8,200 13,565 Social Services 368,742 9,839 358,903 352,348 TOTAL 3,207,352 208,247 2,999,105 2,958,414 STATEMENT V SUMMARY OF CAPITAL ACCOUNT EXPENDITURES 1996-97 and 1995-96 Revised 1996-97 1995-96 -------------------------------- ------- Gross Related Net Revised Expenditure Revenue Expenditure (Net) ($000) ($000) ($000) ($000) General Goverment Sector Consolidated Fund Services 1,077 1 1,076 7,307 Finance - 10,827 (10,827) (9,607) Government Services and Lands 240 240 - 35 Works, Services and Transportation 85,148 66,690 18,458 58,842 Resource Sector Development and Rural Renewal 9,550 18,515 (8,965) (565) Fisheries and Aquaculture 1,368 400 968 1,080 Forest Resources and Agrifoods 5,100 2,400 2,700 3,100 Industry, Trade and Technology 956 - 956 1,311 Mines and Energy 1,000 750 250 - Tourism, Culture and Recreation 6,786 3,793 2,993 5,211 Social Sector Education 13,296 1,488 11,808 20,829 Health 11,808 650 11,158 23,464 Municipal and Provincial Affairs 64,124 18,577 45,547 42,663 TOTAL 200,453 124,331 76,122 153,670 Note: For details refer to Appendix III. STATEMENT VI SUMMARY OF RELATED REVENUES AND EXPENDITURES BY MAIN OBJECT AND SECTOR 1996-97 and 1995-96 Revised General Government Resource Social % of Total Sector Sector Sector Total 1996/97 1995/96 1996/97 1996/97 1996/97 1996/97 Total Revised ($000) ($000) ($000) ($000) % ($000) Current: Salaries 103,820 61,197 106,521 271,538 8.5 291,795 Employee Benefits 104,753 751 1,219 106,723 3.3 93,334 Transportation and Communications 9,359 13,251 9,876 32,486 1.0 33,755 Supplies 31,225 6,216 10,228 47,669 1.5 48,050 Professional Services 4,496 4,440 42,320 51,256 1.6 54,926 Purchased Services 34,086 28,961 18,365 81,412 2.5 68,478 Property, Furnishings and Equipment 382 830 614 1,826 0.1 3,395 Allowances and Assistance 4,831 193 389,135 394,159 12.3 384,175 Grants and Subsidies 6,816 69,646 1,581,089 1,657,551 51.7 1,672,445 Debt Expenses 539,169 - 4,692 543,861 16.9 545,424 Information Technology 8,077 3,224 7,570 18,871 0.6 19,137 Gross Current Expenditure 847,014 188,709 2,171,629 3,207,352 100.0 3,214,914 Federal Revenue Sources (6,294) (33,463) (33,958) (73,715) 35.4 (88,406) Provincial Revenue Sources (104,866) (12,022) (17,644) (134,532) 64.6 (168,094) Total Current Related Revenues (111,160) (45,485) (51,602) (208,247) 100.0 (256,500) Net Current Expenditure 735,854 143,224 2,120,027 2,999,105 2,958,414 Capital: Salaries 6,540 80 207 6,827 3.4 6,970 Employee Benefits - - 1 1 0.0 - Transportation and Communications 845 5 62 912 0.4 1,213 Supplies 1,407 5 7 1,419 0.7 1,123 Professional Services 980 875 445 2,300 1.1 4,621 Purchased Services 68,653 10,410 5,058 84,121 42.0 114,216 Property, Furnishings and Equipment 9,630 816 9,950 20,396 10.2 28,059 Loans, Advances and Investments 1,000 8,730 200 9,930 5.0 24,373 Grants and Subsidies 300 3,839 66,377 70,516 35.2 89,392 Debt Expenses 745 - 3,286 4,031 2.0 3,847 Information Technology - - - - 0.0 41 Expenditure by Sector Before Recharges 90,100 24,760 85,593 200,453 100.0 273,855 Voted in Other Departments and Divisions 5,862 - 3,635 9,497 22,977 Recharged to Other Departments and Divisions (9,497) - - (9,497) (22,977) Gross Capital Expenditure 86,465 24,760 89,228 200,453 273,855 Federal Revenue Sources (63,090) (8,358) (19,895) (91,343) 73.5 (89,903) Provincial Revenue Sources (14,668) (17,500) (820) (32,988) 26.5 (30,282) Total Capital Related Revenues (77,758) (25,858) (20,715) (124,331) 100.0 (120,185) Net Capital Expenditure 8,707 (1,098) 68,513 76,122 153,670 Total Net Expenditure 744,561 142,126 2,188,540 3,075,227 3,112,084 EXHIBIT I SELECTED ECONOMIC STATISTICS 1992 to 1995 % % % 1995 Change 1994 Change 1993 Change 1992 Population as of July 1 (000's) 575.4 -1.0 581.2 -0.5 584.2 0.1 583.4 Gross Domestic Product at Market Prices ($ Millions) 10,333 6.2 9,729 3.7 9,378 2.1 9,182 Total Personal Income ($ Millions) 10,301 1.3 10,166 0.9 10,072 1.3 9,947 Per Capita Personal Income ($) 17,896 2.3 17,491 1.5 17,241 1.1 17,050 Labour Force, Annual. Average (000's) 241 -1.2 244 1.1 242 -0.5 243 Employment, Annual Average (000's) 197 1.4 195 0.7 193 -0.4 194 Unemployment Rate, Annual Average (%) 18.3 -10.3 20.4 1.5 20.1 -0.5 20.2 Wages and Salaries ($ Millions) 4,796 1.7 4,715 3.1 4,572 1.2 4,519 Consumer Price Index, (1986=100) 127.5 1.4 125.7 1.3 124.1 1.6 122.1 Total Volume of Fish Landings (000's of Metric Tonnes) 136 -0.8 137 -43.6 243 -13.6 281 Total Value of Fish Landings ($ Millions) 330 52.7 216 11.2 194 1.3 192 Pulpwood Production (000's Cubic Meters) 2,074 5.4 1,967 4.7 1,879 12.1 1,676 Newsprint Shipments (Thousand Tonnes) 733 -0.4 737 4.7 704 5.6 667 Iron Ore Shipments (Millions of Metric Tonnes) 21.8 7.4 20.3 11.5 18.2 2.8 17.7 Gross Value of Manufacturing Shipments ($ Millions) 1,485 8.6 1,368 3.4 1,323 3.4 1,280 Private and Public Capital Investment ($ Millions) 3,012 3.6 2,906 17.0 2,485 19.4 2,080 Dwelling Starts (Number) 1,712 -23.7 2,243 -6.7 2,405 5.9 2,271 Retail Trade ($ Millions) 3,459 1.5 3,409 2.4 3,328 -0.9 3,359 New Motor Vehicle Sales (Number) 17,112 -15.4 20,225 3.5 19,544 0.7 19,410 Note: Some data are preliminary. Some percent changes are based on unrounded data. Source: Statistics Canada; Economics and Statistics Section, Department cif Finance EXHIBIT II ESTIMATED PROVINCIAL AND FEDERAL REVENUES 1996-97 and 1995-96 Revised 1996-97 1995-96 Estimates Revised ($000) ($000) PROVINCIAL TAX SOURCES: Retail Sales Tax 541,000 565,424 Personal Income Tax 583,000 553,632 Gasoline Tax 120,600 121,947 Corporate Income Tax 50,500 62,794 Tobacco Tax 64,000 65,575 Mining Tax and Royalties 22,000 19,121 Payroll Tax 71,600 77,312 Insurance Companies Tax 18,500 19,077 Corporate Capital Tax 6,700 5,132 Forest Management Tax 1,600 1,686 TOTAL: Provincial Tax Sources 1,479,500 1,491,700 OTHER PROVINCIAL SOURCES: Newfoundland Liquor Corporation 75,000 81,450 Vehicle and Driver Licences 45,240 44,897 Lottery Revenues 79,000 73,461 Registry of Deeds 10,100 10,018 Fines and Forfeitures 8,875 8,174 Inland Fish and Game Licences 3,400 2,847 Registry of Bills and Sales 1,940 1,793 Mining Permits and Fees 5,000 1,920 Crown Lands 8,820 2,227 Forestry Royalties and Fees 1,430 1,518 Offshore Revenue Fund - 23,953 Water Power Rentals 3,800 3,765 Other 6,596 5,759 TOTAL: Other Provincial Sources 249,201 261,782 TOTAL: PROVINCIAL SOURCES 1,728,701 1,753,482 GOVERNMENT OF CANADA: Equalization 938,500 911,598 Canada Health and Social Transfer (CHST) 340,700 - Established Programs Financing (EPF) - 221,817 Canada Assistance Plan (CAP) - 205,459 PUITTA 800 13,784 Term 29 Award 50,000 8,000 Statutory Subsidies 1,754 1,754 TOTAL: GOVERNMENT OF CANADA 1,331,754 1,362,412 TOTAL: PROVINCIAL AND FEDERAL REVENUES 3,060,455 3,115,894 Note: Beginning in the 1996-97 fiscal year, the CHST replaces EPF and CAP transfers. CAP transfers were previously included as Federal related revenues. EXHIBIT III CURRENT AND CAPITAL REVENUES PROVINCIAL AND FEDERAL SOURCES 1992-93 to 1996-97 1996-97 1995-96 1994-95 1993-94 1992-93 Estimates Revised Audited Audited Audited ($000) % ($000) % ($000) % ($000) % ($000) % Current Revenues: Provincial Sources 1,863,233 57.0 1,921,576 57.0 1,729,180 53.2 1,679,884 54.7 1,677,117 55.1 Federal Sources 1,405,469 43.0 1,450,818 43.0 1,523,486 46.8 1,391,642 45.3 1,367,284 44.9 Total: Current Revenues 3,268,702 100.0 3,372,394 100.0 3,252,666 100.0 3,071,526 100.0 3,044,401 100.0 Capital Revenues: Provincial Sources 32,988 26.5 30,282 25.2 21,470 15.9 16,300 18.8 16,249 10.9 Federal Sources 91,343 73.5 89,903 74.8 113,641 84.1 70,620 81.2 132,966 89.1 Total: Capital Revenues 124,331 100.0 120,185 100.0 135,111 100.0 86,920 100.0 149,215 100.0 Current and Capital Revenues: Provincial Sources 1,896,221 55.9 1,951,858 55.9 1,750,650 51.7 1,696,184 53,7 1,693,366 53.0 Federal Sources 1,496,812 44.1 1,540,721 44.1 1,637,127 48.3 1,462,262 46.3 1,500,250 47.0 Total: Current and Capital Revenues 3,393,033 100.0 3,492,579 100.0 3,387,777 100.0 3,158,446 100.0 3,193,616 100.0 EXHIBIT IV EXPENDITURE SUMMARY 1996-97 Estimated Total Current Capital Head Gross Net Gross Net Gross Net ($000) ($000) ($000) ($000) ($000) ($000) Consolidated Fund Services 616,303 560,686 615,226 559,610 1,077 1,076 Executive Council 21,292 19,958 21,292 19,958 - - Finance 41,603 (2,768) 41,603 8,059 - (10,827) Government Services and Lands 23,273 20,036 23,033 20,036 240 - Legislature 10,853 10,667 10,853 10,667 - - Public Service Commission 1,887 1,825 1,887 1,825 - - Works, Services and Transportation 218,268 134,157 133,120 115,699 85,148 18,458 Development and Rural Renewal 61,900 24,218 52,350 33,183 9,550 (8,965) Environment and Labour 12,096 6,941 12,096 6,941 - - Fisheries and Aquaculture 12,905 10,461 11,537 9,493 1,368 968 Forest Resources and Agrifoods 52,693 44,120 47,593 41,420 5,100 2,700 Industry, Trade and Technology 28,889 20,508 27,933 19,552 956 956 Mines and Energy 10,167 9,110 9,167 8,860 1,000 250 Tourism, Culture and Recreation 34,819 26,768 28,033 23,775 6,786 2,993 Education 714,994 692,708 701,698 680,900 13,296 11,808 Health 915,108 904,234 903,300 893,076 11,808 11,158 Justice 108,629 101,603 108,629 101,603 - - Municipal and Provincial Affairs 145,184 122,892 81,060 77,345 64,124 45,547 Newfoundland and Labrador Housing Corporation 8,200 8,200 8,200 8,200 - - Social Services 368,742 358,903 368,742 358,903 - - TOTAL 3,407,805 3,075,227 3,207,352 2,999,105 200,453 76,122 EXPENDITURE SUMMARY 1995-96 Revised Consolidated Fund Services 612,165 508,353 601,008 501,046 11,157 7,307 Executive Council 20,205 19,487 20,205 19,487 - - Finance 40,342 4,957 40,342 14,564 - (9,607) Government Services and Lands 21,199 18,715 20,954 18,680 245 35 Legislature 14,288 14,116 14,288 14,116 - - Public Service Commission 2,761 2,677 2,761 2,677 - - Works, Services and Transportation 253,824 153,899 135,033 95,057 118,791 58,842 Development and Rural Renewal 62,890 30,829 46,678 31,394 16,212 (565) Environment and Labour 14,020 9,270 14,020 9,270 - - Fisheries and Aquaculture 12,706 11,518 11,448 10,438 1,258 1,080 Forest Resources and Agrifoods 49,979 45,047 46,819 41,947 3,160 3,100 Industry, Trade and Technology 24,841 19,227 19,598 17,916 5,243 1,311 Mines and Energy 10,411 9,919 10,411 9,919 - - Tourism, Culture and Recreation 40,842 32,975 31,411 27,764 9,431 5,211 Education 739,775 716,776 718,334 695,947 21,441 20,829 Health 925,296 912,883 901,102 889,419 24,194 23,464 Jusfice 114,096 107,621 114,096 107,621 - - Municipal and Provincial Affairs 151,023 127,902 88,300 85,239 62,723 42,663 Newfoundland and Labrador Housing Corporation 14,169 13,565 14,169 13,565 - - Social Services 363,937 352,348 363,937 352,348 - - TOTAL 3,488,769 3,112,084 3,214,914 2,958,414 273,855 153,670 EXHIBIT V PUBLIC SECTOR DEBT 1992 to 1996 Five Years ending March 31 1996** 1995* 1994 1993 1992 (Millions of dollars) Provincial Direct Debt: Payable in Canadian Dollars 2,011.4 1,884.1 1,888.3 1,758.3 1,705.9 Due Government of Canada 762.5 796.9 828.0 862.8 860.3 Payable in U.S. Dollars 1,730.8 1,781.8 1,729.4 1,441.0 1,358.2 Payable in Other Currencies 1,049.2 1,182.3 954.5 806.9 737.5 Total Direct Debenture Debt 5,553.9 5,645.1 5,400.2 4,869.0 4,661.9 Treasury Bills 390.0 390.0 286.0 286.0 286.0 Total Provincial Direct Debt 5,943.9 6,035.1 5,686.2 5,155.0 4,947.9 Crown Corporation and Other Debt: Utility 1,441.9 1,362.1 1,335.6 1,386.6 1,365.4 Housing 166.7 165.5 163.6 170.8 161.1 Municipal 759.9 735.1 738.4 697.5 651.1 Other 99.9 121.8 99.3 78.3 86.8 Total Crown Corporation and Other Debt 2,468.4 2,384.5 2,336.9 2,333.2 2,264.4 Deduct Sinking Funds held for Redemption of Debt: Direct Debt 1,046.6 1,087.7 994.2 884.6 1,029.9 Guaranteed Debt 480.4 441.0 421.6 426.2 388.0 Total Sinking Funds 1,527.0 1,528.7 1,415.8 1,310.8 1,417.9 Total Public Sector Debt (Note 1) 6,885.3 6,890.9 6,607.3 6,177.4 5,794.4 * Preliminary ** Forecast Note: Debt payable in foreign currencies is shown at the Canadian dollar equivalent using the rates of exchange in effect March 31 of each year. EXHIBIT VI SUMMARY OF CURRENT REVENUES (By Source) WHERE THE MONEY COMES FROM Percentage of Total Source Amount ($000) Revised Estimate Estimate Revised 1995-95 1996-97 1996-97 1995-96 Provincial: 16.8 16.6 Retail Sales Tax 541,000 565,424 16.4 17.8 Personal Income Tax 583,000 553,632 3.6 3.7 Gasoline Tax 120,600 121,947 2.4 2.3 Newfoundland Liquor Corporation 75,000 81,450 1.9 1.5 Corporate Income Tax 50,500 62,794 1.9 2.0 Tobacco Tax 64,000 65,575 14.0 13.1 Other Provincial Sources 429,133 470,754 57.0 57.0 Total: Provincial 1,863,233 1,921,576 Government of Canada: 27.0 28.7 Equalization Payments 938,500 911,598 16.0 14.3 Other Federal Sources 466,969 539,220 43.0 43.0 Total: Government of Canada 1,405,469 1,450,818 100.0 100.0 Total 3,268,702 3,372,394 EXHIBIT VII SUMMARY OF CURRENT ACCOUNT EXPENDITURES (By Function) WHERE THE MONEY GOES Percentage of Total Function of Expenditure Amount ($000) Revised Estimate Estimate Revised 1995-95 1996-97 1996-97 1995-96 Expenditure: 20.6 20.8 Education 679,289 693,794 22.6 23.3 Health 762,442 761,501 16.2 16.7 Debt Charges and Other 546,587 547,785 Financial Expenses 15.2 15.8 Social Welfare 518,245 511,937 3.6 4.0 Natural Resources, Agriculture, 131,794 122,673 Trade, Industry and Tourism 6.1 6.6 General Government 215,591 205,639 4.3 4.3 Protection to Persons and Property 139,458 143,807 2.8 2.9 Transportation and Communications 94,081 96,165 3.9 3.7 Other 119,865 131,613 95.3 98.1 Total: Expenditures 3,207,352 3,214,914 4.7 1.9 Financial Contribution 61,350 157,480 100.0 100.0 Total: 3,268,702 3,372,394 EXHIBIT VIII SUMMARY OF GROSS CAPITAL ACCOUNT EXPENDITURES (By Function) Percentage of Total Category of Capital Expenditure Amount ($000) Revised Estimate Estimate Revised 1995-96 1996-97 1996-97 1995-96 Expenditure: 32.5 36.5 Transportation Projects 73,123 88,881 10.9 7.6 Resource Development 15,282 29,824 29.1 37.5 Municipal Infrastructure 75,219 79,832 6.8 3.7 Health Facilities 7,308 18,494 5.6 5.0 Educational Facilities 10,005 15,387 8.9 5.9 Equipment Acquisitions, etc. 11,870 24,490 6.2 3.8 Public Buildings 7,646 16,947 100.0 100.0 Total: Expenditure 200,453 273,855 Source of Financing: 32.8 45.6 Government of Canada Revenues 91,343 89,903 11.1 16.4 Provincial Revenues 32,988 30,282 56.1 38.0 Financial Requirement 76,122 153,670 100.0 100.0 Total: Sources 200,453 273,855 EXHIBIT IX SUMMARY OF GROSS GOVERNMENT EXPENDITURES CURRENT AND CAPITAL (By Sector) (TOTAL EXPENDITURE: $ 3,407,804,600) GROSS GOVERNMENT EXPENDITURE GENERAL GOVERNMENT SECTOR Estimate Percentage Estimate Percentage 1996-97 of Total 1996-97 of Total ($000) % ($000) % Sector Expenditure Consolidated Fund Services 616,303 18.1 General Government 933,479 27.4 Executive Council 21,292 0.6 Resource 213,469 6.3 Finance 41,603 1.2 Social 2,260,857 66.3 Government Services and Lands 23,273 0.7 Legislature 10,853 0.3 Total: Expenditure 3,407,805 100.0 Public Service Commission 1,887 0.1 Works, Services and Transportation 218,268 6.4 Total: General Government Sector 933,479 27.4 SOCIAL SECTOR RESOURCE SECTOR Estimate Percentage Estimate Percentage 1996-97 of Total 1996-97 of Total ($000) % ($000) % Education 714,994 21.0 Development and Rural Renewal 61,900 1.8 Health 915,108 26.8 Environment and Labour 12,096 0.4 Justice 108,629 3.2 Fisheries and Aquaculture 12,905 0.4 Municipal and Provincial Affairs 145,184 4.3 Forest Resources and Agrifoods 52,693 1.5 Newfoundland and Labrador Industry, Trade and Technology 28,889 0.9 Housing Corporation 8,200 0.2 Mines and Energy 10,167 0.3 Social Services 368,742 10.8 Tourism, Culture and Recreation 34,819 1.0 Total: Social Sector 2,260,857 66.3 Total: Resource Sector 213,469 6.3 EXHIBIT X SUMMARY OF BUDGETARY FINANCING SOURCES (For Gross Current and Capital Account Expenditures) Percentage of Total Category of Financing Amount ($000) Revised Estimate Estimate Revised 1995-96 1996-97 1996-97 1995-96 Revenue Sources: 55.9 55.2 Provincial 1,896,221 1,951,858 44.1 43.5 Federal 1,496,812 1,540,721 3,393,033 3,492,579 - 1.3 Budgetary Requirements: 44,772 - 100.0 100.0 Total: Sources 3,437,805 3,492,579 Less : Budgetary Contribution - (3,810) Contingency Reserve (30,000) - Gross Current and Capital Expenditures: 3,407,805 3,488,769 EXHIBIT XI SUMMARY OF SALARY COSTS BY DEPARTMENT 1996-97 and 1995-96 (Revised) 1996-97 1995-96 DEPARTMENT Estimates Revised Executive Council 11,713,200 12,864,700 Finance 10,809,900* 9,277,200 Government Services and Lands 15,670,900 14,871,900 Legislature 4,327,600 6,568,500 Public Service Commission 1,165,000 1,790,600 Works, Services and Transportation 66,674,100 68,870,300 Development and Rural Renewal 8,437,300 10,670,200 Environment and Labour 7,194,000 7,733,400 Fisheries and Aquaculture 4,888,300 5,841,600 Forest Resources and Agrifoods 20,267,500 21,657,300 Industry, Trade and Technology 4,924,600 4,961,600 Mines and Energy 5,070,300 5,300,400 Tourism, Culture and Recreation 10,494,800 12,629,900 Education 8,951,700 10,923,600 Health 5,049,100 5,769,800 Justice 51,638,900 54,606,800 Municipal and Provincial Affairs 6,457,500 7,613,800 Social Services 34,630,700** 36,813,400** TOTAL 278,365,400 298,765,000 Less: Capital Account Salary Expenditure 6,827,400 6,970,400 Total: Current Account Salary Expenditure 271,538,000 291,794,600 * Includes $1,800,000 for the commencement of Pay Equity payments to the General Service group. ** Includes salary expenditures for employment initiatives under Department of Social Services Employment Programs ($1,100,000, 1996-97 Estimates; $1,113,500, 1995-96 Revised). EXHIBIT XII ESTIMATED INTEREST AND DEBT RETIREMENT 1996-97 Sinking Amount Int. Fund Sinking Debt Term Series Outstanding Rate Rate Interest Fund Redemption % % $ $ $ Payable in Canadian Dollars: 1975/1996 4V 1,296,000 10 1/2 - 136,100 646,900 1982/2002 5K 50,000,000 14 3/4 2 7,375,000 1,000,000 1983/2003 5L 125,000,000 12 7/8 2 16,093,800 2,500,000 1984/2004 5N 100,000,000 13 1/2 2 13,500,000 2,000,000 1985/1997 5P 80,000,000 10 1/4 - 8,200,000 1986/2006 5Q 100,000,000 11 2 11,000,000 2,000,000 1986/2001 EC3 100,000,000 10 - 10,000,000 68,942,600 1987/2010 5R 100,000,000 9 3/8 2 9,375,000 2,000,000 1987/2007 EC4 15,447,000 9 2 1,390,200 308,900 1987/2007 5S 42,300,000 10.79 2 4,564,200 846,000 1988/2008 5T 100,000,000 11 1/4 2 11,250,000 2,000,000 1988/1997 J5 75,000,000 10.86 - 8,144,900 1989/2012 5U 125,000,000 11 2 13,750,000 2,500,000 1989/2014 5V 150,000,000 10 1/8 1 1/2 15,187,500 2,250,000 1991/2001 5W 27,929,000 10 1/2 - 2,932,500 1991/2021 5X 122,071,000 10.95 - 13,366,800 1992/1998 EC5 150,000,000 9 1/8 - 13,687,500 1993/2003 EC6 150,000,000 8 3/4 2 13,125,000 3,000,000 1995/1999 J12 42,000,000 FLOATING - 2,520,000 1995/1999 NPPF 5,804,181 8 - 464,300 791,200 1995/2025 6B 100,000,000 9.15 3/4 9,150,000 750,000 1996/2026 6C 150,000,000 8.45 3/4 12,675,000 1,125,000 1996/2004 5Z 98,895,000 9.55 - 9,444,500 Anticipated 1996/1997 6,375,000 213,707,300 22,279,900 70,380,700 Payable in United States Dollars: 1986/1996 AE 100,000,000 8 1/2 - 11,645,000 92,999,800 1987/2007 AF 100,000,000 11 5/8 2 15,926,300 2,740,000 1989/2019 AG 150,000,000 9 1 1/2 18,495,000 3,082,500 1990/2020 AH 150,000,000 9 7/8 1/2 20,293,100 1,027,500 1990/2020 AJ 150,000,000 10 1/2 20,550,000 1,027,500 1991/2021 AK 200,000,000 9 1/2 24,660,000 1,370,000 1992/2022 AM 200,000,000 8.65 1/2 23,701,000 1,370,000 1993/2023 AN 200,000,000 7.32 3/4 20,056,800 2,055,000 1994/2001 J11 23,500,000 FLOATING - 1,971,900 157,299,100 12,672,500 92,999,800 Payable in Japanese Yen: 1992/1997 J8 11,000,000,000 6.25 - 8,913,000 143,000,000 1994/1999 J9 4,700,000,000 4.8 - 2,932,800 1994/2001 J10 2,300,000,000 4.95 - 1,480,100 13,325,900 143,000,000 EXHIBIT XII ESTIMATED INTEREST AND DEBT RETIREMENT 1996-97 (Cont'd) Sinking Amount Interest Fund Sinking Debt Term Series Outstanding Rate Rate Interest Fund Redemption % % $ $ $ Payable in Swiss Francs: 1985/2000 S3 150,000,000 5 3/8 - 9,271,900 1987/2002 S4 150,000,000 5 1/8 - 8,840,600 1988/2003 S5 150,000,000 5 2 8,625,000 2,471,200 1990/1999 S6 125,000,000 7 1/2 - 10,781,300 1991/2003 S7 150,000,000 7 2 12,075,000 2,191,700 49,593,800 4,662,900 433,926,100 39,615,300 306,380,500 Canada Pension Plan: (20 Year Term) 1976/77 3A 30,988,000 8.73-9.25 1,945,600 1977/78 3A 33,037,000 8.77-9.37 3,001,000 1978/79 3A 36,622,000 9.35-10.16 3,499,500 1979/80 3A 40,070,000 9.98-12.74 4,242,100 1980/81 3A 42,645,000 11.61-13.46 5,416,800 1981/82 3A 52,973,000 13.66-17.51 8,173,600 1982/83 3A 52,104,000 12.01-16.53 7,645,000 1983/84 3A 50,738,000 10.92-12.14 5,882,300 1984/85 3A 47,146,000 12.08-14.06 0.004 6,303,100 198,400 1985/86 3A 50,570,000 10.58-12.57 0.012 5,806,900 589,800 1986/87 3A 59,659,000 9.04-10.17 0.012 5,735,200 734,500 1987/88 3A 43,829,000 9.12-11.07 0.013 4,280,400 568,300 1988/89 3A 41,635,000 9.62-10.39 0.014 4,196,400 596,000 1989/90 3A 45,188,000 9.15-10.31 0.016 4,475,100 727,000 1990/91 3A 40,432,000 9.78-11.33 0.016 4,385,400 665,000 1991/92 3A 40,858,000 9.81-10.04 0.017 4,052,800 684,800 1992/93 3A 28,770,000 9.17-9.45 0.017 2,695,300 493,900 81,736,500 5,257,700 Government of Canada: Winter Capital Projects 3,827,200 7.44-9.40 - 303,400 CMHC Loans 11,623,100 5.75-14.75 - 834,500 148,900 DRIE 9,810,600 5.77- 9.72 - 828,800 4,989,300 1,966,700 5,138,200 TOTAL 517,629,300 44,873,000 311,518,700 EXCHANGE RATES USED IN CONVERSION U.S. 1.3700 Cdn. Yen 0.0130 Cdn. S.F. 1.1500 Cdn. EXHIBIT XIII DETAILS OF CAPITAL EXPENDITURES ESTIMATES 1996-97 ACTIVITY GROSS RELATED NET NO. DETAILS EXPENDITURE REVENUE EXPENDITURE $ $ $ CONSOLIDATED FUND SERVICES 1.2.01 Various Facilities - Rental Purchase 77,200 77,200 1.3.02 Issues Under Guarantee (Statutory) 1,000,000 1,000 999,000 TOTAL 1,077,200 1,000 1,076,200 FINANCE 2.2.02 Recoveries on Loans, Advances and Investments - 10,827,000 (10,827,000) TOTAL - 10,827,000 (10,827,000) GOVERNMENT SERVICES AND LANDS 4.1.05 Land Management 240,000 240,000 - TOTAL 240,000 240,000 - WORKS, SERVICES AND TRANSPORTATION 2.2.05 Salt Storage Sheds 300,000 - 300,000 2.2.06 Alterations - Leased Accommodations 75,000 - 75,000 2.3.03 Heavy Equipment 4,000,000 125,000 3,875,000 3.2.01 Administrative Support - Road Construction 504,900 - 504,900 3.2.02 Pre - Engineering - Road Construction 650,000 - 650,000 3.2.03 Improvement and Construction - Provincial Roads 6,000,000 2,090,000 3,910,000 3.2.04 Highways - Transportation Initiative 30,000,000 34,000,000 (4,000,000) 3.2.05 Regional Roads - Transportation Initiative 24,000,000 24,000,000 - 3.2.06 Strategic Highway Improvement Program 4,000,000 2,000,000 2,000,000 3.2.07 Land Acquisition 2,500,000 - 2,500,000 3.3.01 Alterations and Improvements to Existing Facilities 6,350,000 2,475,000 3,875,000 3.3.02 Development of New Facilities 760,000 1,000,000 (240,000) 3.3.03 Advanced Planning - Studies 200,000 - 200,000 4.1.03 Airstrips 1,000,000 1,000,000 - 4.2.03 Ferry Terminals 500,000 - 500,000 4.2.04 Ferry Vessels 3,968,000 - 3,968,000 5.2.03 Realty Services 40,000 - 40,000 5.3.02 Park Development - C. A. Pippy Park Commission 300,000 - 300,000 TOTAL 85,147,900 66,690,000 18,457,900 DEVELOPMENT AND RURAL RENEWAL 2.2.02 Enterprise Loan Fund 8,100,000 17,500,000 (9,400,000) 4.1.02 Comprehensive Labrador Development Agreement 1,450,000 1,015,000 435,000 TOTAL 9,550,000 18,515,000 (8,965,000) FISHERIES AND AQUACULTURE 2.2.02 Fisheries Facilities 100,000 - 100,000 3.1.03 Middle Distance Fishing Vessels 630,000 - 630,000 3.1.04 Fishing Boat Bounties 138,000 - 138,000 3.5.02 Economic Renewal Agreement 500,000 400,000 100,000 TOTAL 1,368,000 400,000 968,000 EXHIBIT XIII DETAILS OF CAPITAL EXPENDITURES ESTIMATES 1996-97 ACTIVITY GROSS RELATED NET NO. DETAILS EXPENDITURE REVENUE EXPENDITURE FOREST RESOURCES AND AGRIFOODS 2.1.05 Resource Roads Construction 1,500,000 - 1,500,000 2.3.01 Economic Renewal Agreement 3,000,000 2,400,000 600,000 4.1.04 Land Development 300,000 - 300,000 4.1.05 Green Plan 300,000 - 300,000 TOTAL 5,100,000 2,400,000 2,700,000 INDUSTRY, TRADE AND TECHNOLOGY 2.1.04 Atlantic Investment Fund 956,000 - 956,000 TOTAL 956,000 - 956,000 MINES AND ENERGY 3.1.07 Development of Infrastructure - Offshore Fund 1,000,000 750,000 250,000 TOTAL 1,000,000 750,000 250,000 TOURISM, CULTURE AND RECREATION 3.1.04 Support for Cultural Activities 100,000 - 100,000 3.3.03 Historic Sites Development 10,000 10,000 - 4.1.05 Park Development 500,000 - 500,000 4.1.06 National Parks 5,000 2,500 2,500 5.1.03 Community Sports Facilities 1,444,500 - 1,444,500 6.2.02 Economic Renewal Agreement 4,726,000 3,780,800 945,200 TOTAL 6,785,500 3,793,300 2,992,200 EDUCATION 2.1.10 Building and Equipping Schools 6,910,000 - 6,910,000 2.1.11 Transportation of School Children - Debt Principal 1,670,000 - 1,670,000 3.1.11 Skills Training Projects - Offshore Fund 1,635,000 1,488,000 147,000 3.2.02 Furnishings and Equipment - Memorial University 1,000,000 - 1,000,000 3.2.03 Sir Wilfred Grenfell College - Debt Principal 375,400 - 375,400 3.2.04 Various Buildings - Memorial University 1,000,000 - 1,000,000 3.3.02 Furnishings and Equipment - Provincial Colleges 500,000 - 500,000 3.3.03 Provincial College Facilities 85,000 - 85,000 4.2.02 Provincial Information and Library Resources 120,500 - 120,500 TOTAL 13,295,900 1,488,000 11,807,900 HEALTH 4.3.01 Furnishings and Equipment - Health Care Facilities 4,500,000 - 4,500,000 4.3.02 Health Care Centres 350,000 - 350,000 4.3.03 Hospital Facilities 3,750,000 50,000 3,700,000 4.3.04 Newfoundland Cancer Treatment and Research Foundation - 600,000 (600,000) 4.3.05 Long Term Care Facilities 3,208,300 - 3,208,300 TOTAL 11,808,300 650,000 11,158,300 EXHIBIT XIII DETAILS OF CAPITAL EXPENDITURES ESTIMATES 1996-97 ACTIVITY GROSS RELATED NET NO. DETAILS EXPENDITURE REVENUE EXPENDITURE $ $ $ MUNICIPAL AND PROVINCIAL AFFAIRS 2.3.04 Waste Management Facilities - Debt Principal 292,300 - 292,300 2.3.05 Industrial Water- Systems 350,400 - 350,400 2.3.06 Water and Sewer Servicing - Coastal Labrador 3,115,000 2,096,000 1,019,000 3.2.06 Municipal Councils 1,354,000 - 1,354,000 3.3.02 Road Construction and Paving - Debt Principal 9,250,000 50,000 9,200,000 3.3.03 Water and Sewer Systems - Debt Principal 25,262,500 120,000 25,142,500 3.3.05 Canada-Newfoundland Infrastructure Program 21,100,000 14,300,000 6,800,000 4.1.03 Disaster Assistance for Infrastructure 3,200,000 1,811,000 1,389,000 4.1.04 Joint Emergency Preparedness Projects 200,000 200,000 - TOTAL 64,124,200 18,577,000 45,547,200 TOTAL: CAPITAL ACCOUNT EXPENDITURES 200,453,000 124,331,300 76,121,700