Special Warrants Fund Government Activity

Finance and Treasury Board

July 19, 2017 1:13 PM

Government has approved special warrants of $1.06 billion for capital spending and operating expenses.

"These special warrants are not uncommon and are necessary for the smooth continuation of government activity until a budget is passed in the fall," said Karen Casey, Minister of Finance and Treasury Board. “These warrants will allow infrastructure projects that were not part of the last special warrant to begin and to ensure government’s programs and services are funded until the end of October.”

The Finance Act allows departments and entities to spend up to 50 per cent of their previous year’s approved budget until a budget is passed. Special warrants provide funds if they are expected to exceed that amount.

The special warrants announced today, July 19, include $888 million for operating expenses, $99 million capital spending and $75 million for debt-servicing costs.

Government has had two previous special warrants this fiscal year: $10.9 million for Elections Nova Scotia and $168 million for capital spending.

For more information from the Department of Finance and Treasury Board, visit www.novascotia.ca/finance.


FOR BROADCAST USE:

     Government has approved special warrants of one-point-zero-

six billion dollars for capital spending and operating expenses.

     Special warrants provide funds for government when there is

no budget.

     Minister of Finance and Treasury Board Karen Casey says

these special warrants are not uncommon and are necessary for

the smooth continuation of government activity until a budget is

passed in the fall.

     The special warrants include 888 million dollars for

operating expenses, 99 million dollars for capital spending and

75 million dollars for debt-servicing costs.

     Government has had two previous special warrants this

fiscal year.

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Media Contact: Marla MacInnis
              902-424-2917
              Cell: 902-499-6428
              Email: marla.macinnis@novascotia.ca