|
Year-at-a-Glance Highlights — Continued
Performance Summary
The following table outlines the ministry's success in achieving
the performance measures established when Service Plan 2002/03
– 2004/05 was issued in February 2002. In summary, the
ministry met the performance target in 11 areas and fell short
of its objectives in four areas.
| Core Business Area |
Performance Measure |
2002/03 Target |
Was the target
achieved? |
| Provide
advice to support government's financial and economic development
objectives |
Achieve annual targets
for the provincial budget |
$4.4
billion deficit |
 |
| Number of P3/ASD projects initiated with
financing in place |
10 |
 |
| Provincial ranking of
personal income tax rates for the bottom two tax brackets |
Lowest |
|
| Provincial ranking of the personal marginal
income tax rate |
In the lowest 3 |
|
| Number of regulatory
requirements |
Reduce
to 58,000 |
|
| |
| Effective
financial management and regulation |
Rank relative to other provinces in growth
of real GDP per capita (Stats Canada) |
Top 5 |
|
| Provincial credit rating |
AA- |
|
| Compared to other provinces:
Debt to GDP ratio
Debt service costs (cents per revenue dollar)
|
In the lowest 3
2nd
lowest
|
|
| Percentage of company
incorporations and registrations filed electronically |
75% |
|
| Incremental savings from self insurance |
$25 million |
|
| |
| Comprehensive,
timely and transparent financial reporting |
Full implementation
of GAAP |
Partial |
|
| Delivery date for annual Public Accounts |
July 15 |
|
| Percentage of time the
corporate financial system is available |
98% |
|
| |
| Effective executive
and administrative support services |
Percentage of responses to ministerial
correspondence completed within two weeks |
80% |
|
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