[TITLE: Budget 101: What Is It?]
[Screen is split with a left side and a right side. On the left side is the host, and on the right side is an illustration of what is being spoken about.]
[Illustraion of Ontario with highway markers going through it.]
MALE HOST: The budget is the province’s financial roadmap for the year.
[Illustraion of Ontario with highway markers going through it, along with an illustraion of a book with a dollar sign on the cover - The Budget.]
FEMALE HOST #1: It’s the most important document we release, because it affects everyone.
[Illustraion of multiple people standing together.]
FEMALE HOST #2: We print it and we publish it online for you to read or download.
[Illustraion of a laptop computer.]
MALE HOST: It’s based on months of expert research, consultations and analysis.
[Illustraion of a calendar, and a search icon/magnifying glass.]
FEMALE HOST #1: But what exactly is it?
[Illustraion of a large question mark.]
FEMALE HOST #2: Well, in the same way that you manage your personal budget – by bringing in money through work or investments...
[Illustraion of a calculator, a pen and a laptop computer with a dollar sign on the screen.]
MALE HOST #: The province brings in money called "Revenue."
[Illustraion of a briefcase with dollar signs on the side of it.]
FEMALE HOST #1: Revenue is mostly made up of taxes - which includes the sales tax you pay in a store...
[Illustraion of a briefcase with dollar signs on the side of it, along with a pile of currency and the word "Revenue."]
FEMALE HOST #2: Taxes on income and business taxes - and things like licensing fees.
[Illustraion of a briefcase with dollar signs on the side of it, along with a pile of currency and the word "Revenue."]
FEMALE HOST #1: Your personal budget isn't just earnings - you also have to pay bills and cover the cost ofliving. [Spoken in French.]
[Illustraion of a calculator, a pen and a laptop computer with a dollar sign on the screen.]
FEMALE HOST #1: Like you we track our expenses, so we know what we are spending. [Spoken in French.]
[Illustraion of a briefcase with dollar signs on the side of it, along with a book with a dollar sign on the cover.]
MALE HOST: And we have to craft a plan for paying back the money we owe.
[Illustraion of multiple piles of currency.]
FEMALE HOST #2: Our biggest expenses are everyday things like education, healthcare and infrastructure - like roads and bridges.
[Illustraion of a hospital, a classroom and a construction site.]
FEMALE HOST #1: When expenses are higher than revenue, the result is a deficit.
[Illustraion of a scale, tipping back and forth.]
FEMALE HOST #2: To pay off this gap, we borrow funds...
[Illustraion of multiple piles of currency.]
MALE HOST: Kind of like a mortgage on a house - and pay it back with interest over time.
[Illustraion of multiple piles of currency, growing into more piles of currency.]
FEMALE HOST #1: You can read the current budget at Ontario.ca/budget...
[Illustraion of a laptop computer.]
MALE HOST: And share your thoughts on our website.
[TITLE: Ontario End Slide/Logo.]