BC Debt Information

The provincial government and its Crown corporations incur debt to finance operations and capital projects. The provincial government also provides financings to other organizations including some local government agencies. Borrowing for operations is required when revenues fall short of expenditures and to meet other cash requirements such as loans and investments. Borrowing for capital projects finances the building of schools, hospitals, roads and other social and economic capital assets. Similar to the private sector, the government spreads the cost of these projects over the asset's useful life.