Contrast of Actual Budgetary Results to Projected Outcomes

Contrast of Actual Budgetary Results to Projected Outcomes

The $14.0-billion deficit recorded in 2018–19 represents a $0.9-billion enhancement on the $14.9-billion deficit projected into the March 2019 spending plan.

Overall, profits had been about corresponding to the March 2019 spending plan projections. But, real results did change from projections in a few streams. Tax revenue ended up being $0.7 billion less than projected in Budget 2019 as a result of somewhat weaker-than-expected business profits, partially offset by stronger-than expected income tax revenue that is personal. Leer más