Budget 2000
Ministry of Finance and Corporate Relations
Honourable Paul Ramsey, Minister		 Reports
This electronic version is for informational purposes only.
The printed version remains the official version.

Report B: FISCAL REVIEW AND OUTLOOK

TABLE B11
PROVINCIAL FINANCING

Net Debt1
Outstanding at 
March 31, 1999

1999/00
Net Debt Change

Forecast
Net Debt1
Outstanding at March 31, 2000

New
Borrowing2

2000/01
Transactions 

Retirement
Provision3

Net
Change

Forecast
Net Debt1 Outstanding at March 31, 2000
($ millions)
Taxpayer-supported debt  
Provincial government direct operating 12,190 482 12,672 3,159 1,873 1,286 13,958
Education facilities 4,597 404 5,001 593 105 488 5,489
Health facilities 1,282 157 1,439 261 43 218 1,657
Highways, ferries and public transit 3,641 937 4,578 1,234 255 979 5,557
Other debt4 1,251 (37) 1,214 97 91 6 1,220
Total taxpayer-supported debt 22,961 1,943 24,904 5,344 2,367 2,977 27,881
Self-supported debt  
Commercial Crown corporations and agencies 8,399 (405) 7,994 286  288 (2) 7,992
Warehouse borrowing program 658 700  1,358 (758) — (758) 600
Total self-supported debt 9,057 295  9,352 (472) 288 (760) 8,592
Total Provincial Debt 32,018 2,238  34,256 4,872  2,655 2,217  36,473
 
1 Net debt is after deduction of sinking funds and unamortized discounts, and excludes accrued interest. Government direct and fiscal agency accrued interest is reported in the government's accounts as an accounts payable. Figures for earlier years have been restated to conform with the presentation used in 2000/01.
2 New long-term borrowing plus net change in short-term debt.
3 Sinking fund contributions, sinking fund earnings and net maturities of long-term debt (after deduction of sinking fund balances for maturing issues).
4 Includes 580440 British Columbia Ltd. (Vancouver Trade and Convention Centre), 577315 British Columbia Ltd. (Western Star Truck Co.), government services Crown corporations and agencies, other fiscal agency loans, student assistance loans, loan guarantees to agricultural producers and guarantees issued under economic development assistance programs and the former British Columbia home mortgage assistance and second mortgage programs. Includes loan guarantee provisions.

 
 
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