Budget 2023 Summary

Budget 2023 Fiscal Plan ($ millions) Revenue Expense Pandemic Recovery Contingencies Supplementary Estimates Forecast allowance Surplus (Deficit) Updated Forecast 2022/23 Budget Estimate 2023/24 Plan 2024/25 Plan 2025/26 82,700 77,690 79,724 (74,393) (80,206) (82,978) (2,000) (1,000) 82,223 (84,766) (2,715) (700) 3,592 (4,216) (500) (500) (3,754) (3,043) Capital spending: Taxpayer-supported capital spending 8,117 Self-supported capital spending .... 4,055 11,813 4,027 Total capital spending 12,172 15,840 12,634 13,098 4,116 2,853 16,750 15,951 Declining deficits of $4.2 billion in 2023/24 to $3.0 billion in 2025/26 $37.5 billion in taxpayer- supported capital spending over the three-year plan Provincial Debt: Taxpayer-supported debt 63,701 75,617 Self-supported debt. 29,788 31,607 Total debt (including forecast allowance) Taxpayer-supported debt to GDP ratio 16.4% Taxpayer-supported debt to revenue ratio 78.7% 93,489 107,924 18.9% 100.1% 88,436 99,395 33,671 34,405 122,607 134,300 21.3% 23.0% 114.8% 124.9% Debt metrics are lower than in Budget 2022 7

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