Fiscal Update 2019-20: Budget, Oil Prices, Financial Indicators
Explore the detailed fiscal update for 2019-20 including revised budget figures, average Brent oil prices, exchange rates, and key financial indicators. Stay informed about the budget variances, revenue, expenses, surplus, borrowing requirements, and net debt.
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Presentation Transcript
FISCAL UPDATE 2019-20 June 4, 2020
Fiscal Update 2019-20 Budget Revised Variance 10,349 9,659 (690) Revenue 8,425 8,390 35 Expenses 1,924 1,269 (655) Surplus ($M) 2
Average Brent Oil Price 2019-20 Fiscal Year 2019-20 85.00 80.00 75.00 70.00 Budget 2019 $US 65.00 65.00 Actual YTD Average $US 61.16 60.00 $ US Per Barrel 55.00 50.00 45.00 40.00 35.00 30.00 25.00 20.00 Daily $US 19.19 (Mar31) 15.00 10.00 07-Aug-19 15-Aug-19 23-Aug-19 31-Aug-19 08-Sep-19 16-Sep-19 24-Sep-19 02-Oct-19 10-Oct-19 18-Oct-19 26-Oct-19 01-Apr-19 09-Apr-19 17-Apr-19 25-Apr-19 03-May-19 11-May-19 19-May-19 27-May-19 06-Jul-19 14-Jul-19 22-Jul-19 30-Jul-19 04-Jun-19 12-Jun-19 20-Jun-19 28-Jun-19 06-Jan-20 14-Jan-20 22-Jan-20 30-Jan-20 07-Feb-20 15-Feb-20 23-Feb-20 03-Nov-19 11-Nov-19 19-Nov-19 27-Nov-19 05-Dec-19 13-Dec-19 21-Dec-19 29-Dec-19 02-Mar-20 10-Mar-20 18-Mar-20 26-Mar-20 $ US Prices Data to March 31 3
Oil Price and Exchange Rate Budget 2019 Revised 2019 Average Oil Price 2019-20 $US US $65.00 CDN $84.94 0.765 US $61.16 CDN $81.18 0.752 $CDN Exchange Rate (CDN to US) 4
Other Key 2019-20 Financial Indicators Budget 2019 Revised 2019 Borrowing Requirement $1.2B $1.2B Net Debt $13.8B $14.2B 5
