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Note: The electronic version of the following Budget '93 Highlights
      is for informational purposes only.  The printed version
      remains the official version.
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                        BUDGET '93 HIGHLIGHTS


INVESTING IN PEOPLE

  þ Health spending up by four per cent to just under $6.2 billion.

  þ Grants to elementary and secondary schools up by three per cent to
    $3.3 billion and operating grants to universities and colleges
    increase to $1.03 billion.


BC 21 -- BUILDING OUR FUTURE

  þ A major commitment and plan to lay the groundwork for a strong
    economy.

  þ A $350 million acceleration of investments to support vital public
    services like health care, education and justice.

  þ A new BC Transportation Financing Authority to finance and
    construct new highway and other high-priority transportation
    investments.

  þ Crown corporation investment activities targeted to meet regional
    economic goals.

  þ Additional $100 million in 1993/94 to develop innovative
    approaches to investment, training and job creation.


CUTTING WASTE AND IMPROVING EFFICIENCY

  þ Spending to decline in six ministries in 1993/94.

  þ Seven redundant agencies of government eliminated.

  þ Freeze on MLA's salaries continued.


REVENUE MEASURES

  þ Personal income tax surcharge on wealthiest eight per cent of
    income earners increased, effective January 1, 1994.

  þ Income tax on large corporations up by one-half of one percentage
    point effective July 1, 1993.

  þ Three-per-cent surtax on luxury vehicles.

  þ Increase in general sales tax rate to seven per cent from six per
    cent.

  þ Extension of sales tax to specified labour services, with labour
    to repair homes and other real property remaining exempt.


TAX RELIEF

  þ Taxes reduced for 600,000 households with new sales tax credit of
    $50 per person.

  þ Taxes reduced for approximately 3,500 small businesses under the
    corporation capital tax.


FISCAL HIGHLIGHTS

  þ Expenditures to total $18.995 billion, revenues to total $17,460
    billion.

  þ Deficit reduced to $1.535 billion.