The 2008 Manitoba Budget Address

Summary Budget Outlook

	2007/08 Forecast	2008/09 Budget	2009/10 Projection	2010/11 Projection	2011/12 Projection
	Millions of Dollars
REVENUE
Core Government1	9,592	9,852	10,142	10,443	10,801
Net Income of Government Business Enterprises (GBEs)
Manitoba Liquor Control Commission	218	227	233	240	246
Manitoba Lotteries Corporation	295	301	301	301	301
Manitoba Hydro	309	160	111	121	119
Workers Compensation Board	42	1	2	1	4
Manitoba Public Insurance           Corporation	(6)	(22)	0	0	8
Subtotal:	858	668	648	663	678
Less: Consolidation Adjustment	(513)	(529)	(534)	(541)	(547)
Net Contribution of GBEs	345	139	113	122	130
Other Reporting Entities	2,224	2,333	2,347	2,383	2,415
TOTAL REVENUE	12,161	12,324	12,602	12,949	13,347
EXPENDITURE
Core Government programs         and services	9,490	9,799	10,080	10,369	10,668
Other Reporting Entities	2,342	2,428	2,430	2,487	2,532
TOTAL EXPENDITURE	11,832	12,227	12,510	12,857	13,201
SUMMARY NET INCOME	329	96	92	92	146

Numbers may not add due to rounding.

Notes:

1. Core Government revenue includes Net income of Manitoba Lotteries Corporation and Manitoba Liquor Control Commission; that income is eliminated in the Consolidation Adjustment.

• Revenue and expenditure projections for GBEs and Other Reporting Entities are based on information provided by the entities.

Credit Rating Improvements for Manitoba, 2000-2007