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The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year ($billion) REVENUES Personal income taxes OUTLAYS Corporate income taxes $120 28 Transfers to persons $38 Other income taxes 2 Spending grants to other levels of government Public debt charges 44 26 GST and excise taxes 48 Direct program spending 80 EI premiums 18 Total Outlays 188 Other revenues 21 Projected Budget Plan Surplus 49 Total Revenues 237 a. The projected NTR in this budget plan is $ billion. b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is %. | billion. d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is f. The percentage of total outlays made up by public debt charges is %. %. %.
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