Departmental Plan - Long Text Description of Figure
Figure 1: Departmental Spending Trend
Overall, Figure 1 shows an increase of Infrastructure Canada's spending for the period of 2014-15 to 2019-20, with annual spending recorded and planned going from $3.7 billion to $7 billion.
The graph also highlights the stability of infrastructure funding provided through the Gas Tax Fund (GTF) with spending at around $2 billion a year, as Statutory Funding in 2014-2015 and beyond.
Departmental spending and planned spending from 2014-15 to 2019-20 is as follows:
- In 2014-15, the Actual Spending was $3.7 billion;
- In 2015-16, the Actual Spending was $3.2 billion;
- In 2016-17, the Forecast Spending is $4.5 billion;
- In 2017-18, the Planned Spending is $7 billion;
- In 2018-19, the Planned Spending is $6.9 billion; and
- In 2019-20, the Planned Spending is $5.1 billion.
Note that these figures do not include anticipated new funding programs and upcoming policy changes announced in the 2016 Fall Economic Statement.
Gas Tax Fund represents statutory spending. However the 2016-17 amount for the Gas Tax Fund above includes close to $21 million of Voted spending, which is legacy funding that was transferred to provinces and territories through the Gas Tax Fund in 2016-17, as some funds of up to March 31, 2016 had not been prioritized for projects by provinces and territories. The transfer of Voted spending through the Gas Tax Fund ensures that funds are directed towards municipal infrastructure priorities in the near term.
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