I just had a quick look at the 2010-2011 provincial budget and the speech. I’ll discuss it more in my TJ column tomorrow. It is interesting that a $750M deficit last year was shocking and this year it seems to be about normal. 12 months can change a lot.
I see that Equalization dropped slightly in the 2010-2011 budget for the first time in a very long time. I think it was back in the Martin slash and burn days since that has happened but I could be wrong. Don’t fret, however. Overall federal contributions to the 2010-2011 budget are up by $12 million.
There is not a lot of belt tightening here.
Why did the General Government spending line drop by almost $190 million? There was a $200 million drop in something called “Legislated Pension Plans, Benefit Accruals, Subsidies, and Supplementary Allowances”. That’s worthy of explanation.
The Social Development budget is up by $100 million in three years. There has been a big spike in long term care funding. I did some consulting work not that long ago in this area and I think this is a cost that will continue to rise significantly going forward.
More tomorrow morning on this.