The Budget is the Government’s plan for its revenues and spending for a fiscal year by providing an estimate of the amount of revenue that the Government expects and describes how these revenues will be distributed to the various programs and services. The Budget consists of the Budget Address, presented by the Minister of Finance at the same time as the detailed Budget, or Main Estimates is tabled in the Legislative Assembly. The Main Estimates seek appropriation authority for the Government’s plan of action for the upcoming fiscal year beginning April 1.
A separate budget is created to describe the breakdown for capital spending.
The Government has developed a Fiscal Responsibility Policy to which it must adhere with respect to its financial management and borrowing. This affects both the Government’s operations and capital budgets.
Click here to learn more about the Budget Cycle and the Budget Development Process.