C.C.S.M. c. F84
The Fiscal Responsibility and Taxpayer Protection 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 |