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E-12.00002 - Balanced Budget Act

Section 3
Disposition versions

Full text
3. The budget balance for a fiscal year is the difference between the revenues and the expenditures established in accordance with the Government’s accounting policies.
It does not include
(1)  the revenues or the expenditures recorded in the Generations Fund established by the Act to reduce the debt and establish the Generations Fund (chapter R-2.2.0.1); or
(2)  the amounts relating to the application by a government enterprise of a new CPA Canada standard for a period prior to the changeover date proposed by CPA Canada.
2023, c. 30, s. 29.
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