Department of Finance

Department Overview

1998-1999 Budget Highlights

1998-99 Budget HighlightsThis is a budget about jobs, about balancing priorities, and about a vision for the future.

It creates jobs now through community projects, school construction, road building and land development. It also sets a direction for the future as we approach the new millennium.

We will continue to work with Yukon people to develop balanced policies for social programs, for the economy, and for the environment.

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Living Within Our Means

We are protecting public services, particularly health and education, without raising taxes or imposing health care premiums.

  • Projected income for 1998-99 is $437 million, down $10 million from last year.
  • Spending is projected at $441 million, plus $4.5 million for contingencies.
  • Accumulated surplus at March 31, 1999 will be $15 million, with an operating deficit this year of $8.7 million.
  • Total O and M budget is $370.4 million.
  • Total capital spending will be $70.6 million, with $22 million recoverable.

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Planning and Priorities

The main priority of our government's capital spending this year is to create jobs.

  • $5.2 million for new school in Old Crow, and over $1 million in other school improvements;
  • Almost $9 million in improvements to principal roads, including Alaska, Campbell and Top of the World highways;
  • $500,000 in special spending on secondary roads throughout the territory;
  • Community Development Fund increased 75% this year to $3.5 million;
  • $970,000 to increase supply of country residential lots, and over $3 million for urban residential lots;
  • $2.6 million for affordable mobile home lots under Mobile Home Strategy.

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Foundations for the Future

By lengthening our planning framework, our government is preparing the groundwork for a more stable, balanced and diversified economy.

  • New schools planned for Ross River and Mayo by the year 2000;
  • $500,000 more for Trade and Investment Diversification Strategy;
  • $200,000 more for tourism marketing and $50,000 toward long-term tourism strategy;
  • $1.5 million in training trust funds, including $200,000 for forestry training;
  • $100,000 contribution to study linking Yukon power grid to B.C.;
  • Direct measures to stabilize electricity rates will be announced soon;
  • Special fund of $1 million a year for seven years for Canada Winter Games in the year 2007;
  • Special fund of $1 million a year for nine years for major Dawson City capital project.

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A Social Agenda for Yukon People

At a time when the federal government has reduced social spending, and other jurisdictions have closed hospitals and schools, we are maintaining our commitment to these important public services.

  • Increased funding for Whitehorse General Hospital of $530,000;
  • $305,000 more for home care throughout the territory;
  • $128,000 for first year of community-based mental health pilot project;
  • $200,000 more for youth programs in Yukon communities;
  • Almost $300,000 to implement free optical care and prescription drug programs for children of low-income families;
  • Future savings from National Child Benefit will augment our Anti-Poverty Strategy.

Yukon people want a balance between economic and social programs, just as they want a balance between development and environmental protection.

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Environmental Action for the Future

Respect for our priceless environmental heritage is one of the principal commitments on which we are basing all of our long-term strategic planning.

  • $500,000 more for Protected Areas Strategy;
  • $400,000 for land and mineral assessments;
  • $50,000 to start multi-year analysis and action plan to deal with implications of climate change on Yukon environment.

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Building Trust in Government

We have been actively consulting Yukon people and have listened to their advice. We will continue to respect the partnerships that good government requires.

  • Increased funding for implementation of First Nations' Final and Self-Government Agreements;
  • Land claims-related training and funding to make public service more representative;
  • Stable funding for non-governmental organizations and current levels of block funding to municipalities maintained.

Capital Expenditures by Jurisdiction

O and M Capital Expenditures by Department