Premier and Finance Minister Sandy Silver delivered the 2018–19 budget today in the Legislative Assembly. The budget builds capacity and plans for a prosperous future for all Yukoners while putting the government’s finances on a more sustainable path.
For the first time, the budget features a five-year capital plan profiling the Government of Yukon’s priority infrastructure projects, signalling long-term plans for capital investment in the territory. Making the capital planning process more transparent reduces barriers to First Nations and local businesses in securing government contracts and facilitates planning for upcoming capital projects.
Highlights of the 2018–19 budget include nearly $10 million to complete the F.H. Collins High School project, including a new track and field facility; over $43 million to complete construction and begin operation of the Whistle Bend Continuing Care Facility; $42 million in municipal and First Nation infrastructure; and nearly $40 million for housing and land development to meet Yukon’s housing needs.
This budget reflects our government’s focus on strong fiscal management and transparent decision-making, and delivers on our commitment to create a five-year capital plan. By including the plan with the budget, we are giving local businesses a better opportunity to plan effectively while ensuring that all levels of government can work together to meet the needs of Yukoners in all communities.
Premier and Minister of Finance Sandy Silver
Yukon's total budget for 2018–19 is $1.47 billion.
Spending on operations and maintenance makes up $1.19 billion; capital spending totals $280 million.
Yukon’s accumulated surplus as of 2018–19 will be $1.4 billion.
The 2018–19 Main Estimates show an annual deficit of $4.5 million. The government forecasts a return to surplus in the fiscal year 2020–21.
The Government of Yukon also tabled a second Supplementary Estimates for 2017–18 forecasting a $6.3 million surplus for that fiscal year.
An interim supply bill of approximately $213.7 million will fund government operations for the first month of 2018–19 while the Budget is debated.