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Budget against actual, 2019-20
The budget for 2019-20 planned $8.65 billion of spending by government departments1Source 1 . They spent $8.21 billion2Source 2 , $440 million under the plan. Across the whole government the year ended with a surplus of $1.12 billion3Source 3 and net debt of $14.43 billion4Source 4 .
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| Line | Budgeted | Spent | Over (under) |
|---|---|---|---|
| Current account | $7.73 billion | $7.48 billion | ($247 million) |
| Capital account | $926 million | $733 million | ($193 million) |
| Spending by departments | $8.65 billion | $8.21 billion | ($440 million) |
| Revenue tied to that spending | $641 million | $557 million | ($83.9 million) |
| Other provincial and federal revenue | $6.23 billion | $5.99 billion | ($247 million) |
| Cash requirement | $1.78 billion | $1.67 billion | ($109 million) |
Modified cash basis, government departments only: the basis the House of Assembly votes on. Budgeted: Estimates of the Program Expenditure and Revenue of the Consolidated Revenue Fund 2019-20, p. 10. Spent: Report on the Program Expenditures and Revenues of the Consolidated Revenue Fund 2019-20, p. 10.
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| Line | Budget | Actual | Difference |
|---|---|---|---|
| Revenue | $10.35 billion | $9.58 billion | ($766 million) |
| Expense | $8.43 billion | $8.47 billion | $41.1 million |
| Surplus or (deficit) | $1.92 billion | $1.12 billion | ($807 million) |
| Net debt at 31 March 20205Source 5 | $13.77 billion | $14.43 billion | $667 million |
Accrual basis, audited: departments together with Crown corporations, boards and authorities. Public Accounts, Consolidated Summary Financial Statements, p. 58 and p. 56. The budget column is the Original Budget the statements print, unaudited. Net debt for each person in the province, as the province works it out: $27,7366Source 6 .
Two ways of counting, side by side
The first statement counts cash paid by government departments, which is what the House of Assembly votes on. The second is the audited result for the whole government: it adds Newfoundland and Labrador Health Services, Memorial University, Newfoundland and Labrador Hydro and the other public bodies the province controls, and records costs when they are incurred, not when they are paid. The province publishes both. A figure from one cannot be added to or subtracted from a figure in the other. How they line up.
By department, largest differences first
What each department was budgeted in the spring of 2019, what it spent by 31 March 2020, and the difference.
- Spent over the budget
- Budget not spent
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Gross spending, before the revenue departments collect against their own spending. Budgeted is the department's total in the Estimates given to the House with the budget (Budget source); spent is its total in the Report's summary statements (Actual source). Amounts in parentheses are spending below the budget. A department can be given more, or less, during the year; those amended estimates are on each department's page.
Notes
- Estimates of the Program Expenditure and Revenue of the Consolidated Revenue Fund 2019-20, Summary of Cash Requirements (Statement I): gross expenditure, current account $7,727,996,000 and capital account $926,329,000. Open the source
- Report on the Program Expenditures and Revenues of the Consolidated Revenue Fund 2019-20, Statement of Budgetary Contribution: gross expenditure, current account $7,480,961,000 and capital account $733,298,000 (Actuals); the Original Estimates column beside them reprints the budget's figures. Open the source
- Public Accounts, Consolidated Summary Financial Statements for the year ended 31 March 2020, Consolidated Statement of Operations: total revenue $9,583,631,000, total expense $8,466,450,000, annual surplus $1,117,181,000 (Actuals); $10,349,842,000, $8,425,390,000 and $1,924,452,000 (Original Budget, unaudited). Open the source
- Public Accounts, Consolidated Summary Financial Statements for the year ended 31 March 2020, Consolidated Statement of Financial Position: net debt $14,434,860,000 at 31 March 2020. Open the source
- Public Accounts, Consolidated Summary Financial Statements for the year ended 31 March 2020, Consolidated Statement of Change in Net Debt: net debt at the end of the period $13,767,758,000 (Original Budget). Open the source
- Public Accounts, Consolidated Summary Financial Statements for the year ended 31 March 2020, financial statement discussion and analysis: net debt per capita $27,736. Open the source