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S.M. 2017, c. 20

Bill 21, 2 nd Session, 41st Legislature

The Fiscal Responsibility and Taxpayer Protection Act

Back to the Act

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 deficit
(5) Salary reduction — contravening deficit
(6) Salary reduction — non-contravening deficit
(7) When payable
(8) New minister — no withholding in year 1
(9) New minister — 20% withholding in years 2 and 3
(10) Minister appointed after a change in government
(11) Transitional — 20% of annual ministerial salary to be withheld for 2017-2018
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