Thank you, Mr. Speaker. My questions are for the Minister of Finance. The revenue summary in the 2014-15 Main Estimates, Department of Finance, page 5-9, lists personal income tax at $104.8 million and corporate income tax at $53.1 million. The 2014-15 budget address stated these revenues will be about $30 million lower than forecasted.
1. Please advise, in dollars, how much personal
income tax and corporate income tax revenues are expected in fiscal year 2014-15, including the anticipated loss of $30 million.
2. Please advise the total expected revenues, in
dollars, for the fiscal year 2014-15.
3. Please advise how our expenditures will be
adjusted to account for the anticipated $30 million loss of revenues.
Thank you.