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DEPT OF prOsTRy a COMjar-40$
RHONE. 907:,-103.
ROOM 202
LEGISLATIVE BUILDING
WINNIPEG - MANITOBA(.;
MANITOBA IS SURPLUS
'TOTALS A1,7594930
A surplus of $1,759,930 was reported in the statement of Public Accounts
for thefiscal year 1950-51 tabled in the Manitoba Legislature by Hon. R.D. Turner,
Provincial Treasurer.
Ordinary revenues for the period totalled $42,981,556; ordinary expenditures were $38,257,675. Discounting, therefore, emergency measures necessitated by
the flood in 1950, Manitoba's surplus on ordinary account for the fiscal year ending
March 31, 1951, was 4,72318$1.
Extraordinary expenses involved in defraying costs of the flood helped
to push both revenues and expenditures to new record highs. A $1* million contributimn towards emergency expenditures by the Federal Government brought total
provincial revenues to 555,481,556. The sum of $15 463,950 on extraordinary flood
account had been expended at the end of the 1950-51 fiscal year. Total provincial
expenditures, therefore, amounted to :53,721,625.
Net revenue from the Manitoba Government Liquor Control Commission
amounted to :/7,208,345 after .1750,000 had been deducted from gross profits to purchase merchandise. Net receipts were 2455,045 more than the estimated figure.
Automobile licenses, gasoline tax and the amusement tax were among
items showing greatest increase of actual revenue over estimated revenue. Automobile licenses, estimated at $2 million, contributed -(;21780,698 to the provincial income. Gasoline taxes brought in ';5,90M87, or $700,887 more than estimated.
Tievenue from the amusement tax was 129,177 more than the estimated $8501 000.
cont Td
2.
Manitobats Surplus, cont'd.
Actual expenditures in all government departments were less than amounts
budgeted. Health and Public Welfare expended
043,442 .less than the estimated
$9,187,221. Expenditures for Public Works were dow $470,9211 and Mines and
'Natural Resources $171,381 less than estimated.
The Department of Agriculture and Immigration expended $652,820 during
the year a decrease of 290,634 from the estimated amount. Largest single item
of under-expenditure in this department was the sum of f225,000 ear-narked for
grasshopper control. Heavy infestation in many agricultural areas had been forecast,
but weather conditions unfavorable to hatching reduced the threat and only
)49,000
was required for this purpose.
Manitoba's public debt stood at
fiscal year. This was an increase of
31351978,452 at the end of the 1950-51
18,393,540 over the previous fiscal year.
- 30 Words: 400.
February 9, 1952.