2nd Session, 41st Legislature
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Bill 21
THE FISCAL RESPONSIBILITY AND TAXPAYER PROTECTION ACT
Section |
Table of Contents |
| PART 1 | |
| FISCAL RESPONSIBILITY | |
| 1 | Definitions |
| BUDGET AND FISCAL RESPONSIBILITY STRATEGY | |
| 2(1) | Annual budget for government reporting entity |
| (2) | Time to table budget |
| 3(1) | Fiscal responsibility strategy |
| (2) | Debt reduction to be addressed when deficit eliminated |
| (3) | Strategy to be tabled with budget |
| DEFICIT REDUCTION | |
| 4(1) | Deficit not to exceed baseline amount |
| (2) | Meaning of baseline amount |
| (3) | Application until deficit eliminated |
| MAINTAINING BALANCE | |
| 5 | Government not to incur deficit after deficit eliminated |
| CALCULATION OF SURPLUS OR DEFICIT | |
| 6(1) | Accounting on summary basis |
| (2) | Manitoba Hydro's net income or loss excluded |
| (3) | Fiscal stabilization account |
| (4) | Other adjustments |
| (5) | Declaration of LG in C |
| (6) | Content of declaration |
| ANNUAL REPORT | |
| 7(1) | Annual report |
| (2) | Report included in public accounts |
| MINISTERIAL ACCOUNTABILITY | |
| 8(1) | Definitions |
| (2) | 20% of ministerial salary to be withheld |
| (3) | 40% to be withheld after consecutive contravening deficits |
| (4) | Full payment — no contravening deficit |
| (5) | Salary reduction — contravening deficit |
| (6) | When payable |
| (7) | New minister — no withholding in year 1 |
| (8) | New minister — 20% withholding in years 2 and 3 |
| (9) | Minister appointed after a change in government |
| PART 2 | |
| TAXPAYER PROTECTION | |
| 9(1) | Referendum required for tax changes |
| (2) | Revenue neutral and external changes |
| 10(1) | Referendum procedures |
| (2) | Question to be put to voters |
| (3) | Regulations re procedures |
| (4) | Costs of referendum |
| PART 3 | |
| AMENDMENT OR REPEAL | |
| 11(1) | Restriction on amendment or repeal |
| (2) | Requirements re meetings |
| PART 4 | |
| C.C.S.M. REFERENCE AND | |
| COMING INTO FORCE | |
| 12 | C.C.S.M. reference |
| 13 | Coming into force |