Appendix C: Detailed fiscal scenario $ billions 2018-19 163.9 50.4 9.4 57.2 Personal income taxes Corporate income taxes Non-resident income taxes Excise taxes/duties Fuel charge proceeds Employment Insurance premium revenues Other revenues Total budgetary revenues 2019-20 170.8 48.2 9.0 57.3 2.8 22.7 29.1 339.9 2 020-21 158.7 43.6 8.1 47.1 4.9 23.0 28.8 314.2 0.0 22.3 29.1 332.2 Interpret major causes of increase in budget deficit from 2019-20 to 2020-21 Budget balance = revenues minus expeneses What are public debt charges? and what two factors go into calculating a number like $23 billion for 2020-21 ? 53.4 56.1 18.9 20.8 23.9 75.9 Elderly benefits Employment Insurance benefits Children's benefits Major transfers to other levels of government Fuel charge proceeds returned Other transfer payments Operating and capital expenses Total program expenses 58.9 39.1 26.6 80.4 5.3 152.6 112.5 475.4 24.1 78.9 3.4 54.6 105.7 343.6 0.7 51.8 98.4 322.9 Public debt charges 23.2 23.7 23.0 Budgetary balance -14.0 -27.4 -184.2 Federal debt 685.5 713.1 897.3 14.5 21.9 Per cent of GDP Budgetary revenues Program expenses Public debt charges Budgetary balance Federal debt 14.9 14.5 1.0 -0.6 30.8 14.8 14.9 1.0 -1.2 1.1 -8.5 41.4 31.0