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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 other
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 OUTLAYS Personal income taxes $90 Transfers to persons $35 Corporate income taxes 40 Spending grants to other levels of government 32 Other income taxes 8 Public debt charges 24 GST and excise taxes 46 Direct program spending 110 EI premiums 10 Total Outlays 201 Other revenues 15 Projected Budget Plan Surplus Total Revenues 209 a. The projected NTR in this budget plan is $ billion. b. The value of NTR less government spending on goods and services (G) is $ billion. Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is %. 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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