Download: 2019-20 First Quarter Fiscal Update
Published August 27, 2019 (PDF, 754 KB)
See below for highlights from the publication.
The 2019-20 first quarter forecast is for total revenue of $13.4 billion. This is virtually identical to revenue in the first quarter of 2018-19.
Table 1: Revenue (millions of dollars)
|First Quarter 2018-19||First Quarter 2019-20||Change|
|Income and other Taxes||22,899||23,578||5,528||5,628||166|
|Non-renewable resource revenue||3,829||5,429||1,855||2,019||164|
Non-renewable resource revenue
Resource revenue in 2019-20 was $164 million higher. Bitumen royalties were higher as the light-heavy oil prices differential was about US$8 per barrel narrower this year, while crude oil, natural gas and by-product royalties were lower as the West Texas Intermediate oil price was about US$8 lower that the previous period.
Read the 2019-20 First Quarter Fiscal Update (PDF, 754 KB).