![]() ![]() These increases are partially offset by reductions in other areas. $66 million largely due to an increase in funding to address the surgical and diagnostic backlog and the creation of the new Community Arts, Culture and Sports Fund. Stemming from the Stevenson Review Recommendations and funding related to the new Seniors Strategy.Įnabling Appropriations is projected to increase by The new department of Seniors and Long-Term Care includes an increase of $54 million for initiatives The increase in expenses are offset by increases in fees and other revenues and federal transfers.Īdvanced Education, Skills and Immigration has projected an increase of $83 million mainly due to higher personnel and operating expenses at post-secondary institutions. Significant changes in departmental expenditures include a $105 million or 1.6 per cent increase in Health reflecting on-going requirements as part of the wage settlement reached with Manitoba Nurses Union and other increases in medical remuneration, Pharmacare and provincialĮducation and Early Childhood Learning has projected an increase of $268 million largely due to the Canada-Wide Early Learning and Child Care Agreement that is fully offset by federal transfers and cost increases in the school divisions.įamilies has projected an increase of $62 million as a result of volume increases to the Community Living disABILITY Services and Employment, Income and Rental Assistance programs.Īgriculture’s expenditures have increased by $128 million due to a change in the accounting treatment of Agri-insurance indemnities. Expenditures before Contingencies and COVID-19 Response and Recovery are projected to increase $1,016 million while Contingencies and COVID-19 Response and Recovery is decreasing by $550 million from $1,180 million in Budget 2021 to $630 million in Budget 2022. Sinking funds and other earnings are projected to slightly increase by $21 million from Budget 2021.Įxpenditures in 2022/23 are projected to increase $466 million overall, or 2.4 per cent from Budget 2021. These lower projections are offset by increases in revenues from Manitoba Liquor and Lotteries Corporation with the re-opening of casinos and VLT network. Net income of Government Business Enterprises is projected to decrease $16 million due to lower projections from Manitoba Hydro-Electric Board driven by the ongoing impact of the drought in 2021, and decline in net revenue by Manitoba Public Insuranceĭue to declines in basic premium rates and expected growth in claims post pandemic. Tuition fees set by Manitoba’s universities and colleges are projected to increase $35 million while fees and other revenue are projected to increase $86 million from Budget 2021.įederal transfers are projected to increase $610 million, or 10.8 per cent from Budget 2021 reflecting increases in Equalization, other major transfers and bi-lateral agreements. $188 million from Budget 2021 reflecting a broad based improvement as the economy recovers. Other taxes are projected to increase overall by $52 million reflecting the change to replace the renters component of the Education Property Tax Credit with a new Renters Tax Credit, offset by increases to the Education Property Tax Rebate in 20. ![]() Retail Sales Tax is projected to increase by $136 million reflecting further reopening of the economy and an increase in household and business spending in 2022.Įducation Property Taxes is projected to increase by This reflects a continued rebound in labour income and business income. Income tax revenue is projected to increase by $503 million from Budget 2021, with a $395 million increase in Individual income tax revenue and a $108 million increase in Corporation income tax revenue. This growth reflects a positive expansion in GDP, decline in unemployment rates and growth in consumer spending. ** Tax Credits includes only those tax credits that are recorded as expenditures other tax credits like the Education Property Tax Credit are recordedīudget 2022 includes a projected revenue increase of $1,515 million or 8.5 per cent from Budget 2021. * Represents the forecast as of third quarter. The 2021/22 forecast and budget has been restated to be consistent with the 2022/23 budget presentation. Natural Resources and Northern DevelopmentĮxpenditures excluding Contingencies and COVID-19 Response and RecoveryĬontingencies and COVID-19 Response and Recovery Labour, Consumer Protection and Government Services Indigenous Reconciliation and Northern Relations Net Income of Government Business EnterprisesĪdvanced Education, Skills and ImmigrationĮconomic Development, Investment and Trade ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |