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

Report H: SUPPLEMENTARY TABLES

TABLE H9
PROVINCIAL NET DEBT SUMMARY¹

		As at March 31,	Actual 1997	Actual 1998	Actual 1999	Revised Forecast 2000	Budget Estimate 2001
				($ millions unless otherwise indicated)
Taxpayer-supported debt:
Provincial government direct:
	Operating purposes		11,030	11,488	12,190	12,672	13,958
	British Columbia Ferry Corporation		—	—	—	1,0802	1,080
	580440 British Columbia Ltd. (Vancouver Trade and Convention Centre)		—	—	29	21	21
			11,030	11,488	12,219	13,773	15,059
	Capital financing purposes
		Schools	2,835	2,990	3,261	3,636	4,025
		Post-secondary institutions	1,395	1,362	1,336	1,365	1,464
		Health facilities	1,431	1,417	1,282	1,439	1,657
		Public transit	—	—	987	976	972
		SkyTrain extension	—	—	133	491	834
			5,661	5,769	6,999	7,907	8,952
		Total provincial government direct	16,691	17,257	19,218	21,680	24,011
	Economic development Crown corporations and agencies:
		BC Transportation Financing Authority	921	1,089	1,433	1,834	2,351
		British Columbia Ferry Corporation	685	795	973	302	166
		British Columbia Transit	1,538	1,579	59	66	82
		Rapid Transit Project 2000 Ltd.	—	—	56	101	72
		577315 British Columbia Ltd. (Western Star Truck Co.)	—	—	—	63	67
		Other3	8	8	7	8	8
			3,152	3,471	2,528	2,102	2,746
	Government services Crown corporations and agencies and other fiscal agency loans:
		British Columbia Assessment Authority	6	5	4	5	5
		British Columbia Buildings Corporation	736	735	715	610	594
		British Columbia Systems Corporation	19	—	—	—	—
		Homeowner Protection Office	—	—	8	34	73
		Social housing4	152	175	183	211	213
		Universities and colleges — fiscal agency loans	154	144	137	131	129
		Local governments	11	10	10	9	12
			1,078	1,069	1,057	1,000	1,026
		Other debt5	231	181	158	122	98
Total taxpayer-supported debt			21,152	21,978	22,961	24,904	27,881
Self-supported debt:
	Commercial Crown corporations and agencies:
		British Columbia Hydro and Power Authority	7,477	7,234	7,474	6,991	6,903
		British Columbia Railway Company	412	503	607	623	639
		552513 British Columbia Ltd. (Skeena Cellulose Inc.)6	—	157	221	284	321
		Columbia Basin Power Company	96	95	94	94	96
		Columbia Power Corporation	3	—	—	—	31
		Other7	7	3	3	2	2
			7,995	7,992	8,399	7,994	7,992
	Warehouse borrowing program		100	212	658	1,358	600
Total self-supported debt			8,095	8,204	9,057	9,352	8,592
Total provincial debt			29,247	30,182	32,018	34,256	36,473
Total provincial debt as a per cent of GDP			27.1%	27.2%	28.9%	29.9%	30.7%
Taxpayer-supported debt as a per cent of GDP			19.6%	19.8%	20.7%	21.8%	23.5%
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 Effective March 31, 2000, the provincial government assumed responsibility for the British Columbia Ferry Corporation's fiscal agency loans. 3 Includes the Pacific Racing Association and Victoria Line Ltd. 4 Includes the British Columbia Housing Management Commission and the Provincial Rental Housing Corporation. 5 Includes student assistance loans, loan guarantees to agricultural producers, guarantees issued under economic development assistance programs and the former British Columbia home mortgage assistance and second mortgage programs, and non-guaranteed debt of the Pacific National Exhibition, Okanagan Valley Tree Fruit Authority and Tourism British Columbia. Includes loan guarantee provisions. 6 Although the debt of 552513 British Columbia Ltd. (Skeena Cellulose Inc.) is considered to be self-supported, future profitability is uncertain due to the volatility of world pulp prices and their potential impact on Skeena Cellulose Inc. As the province is not the sole shareholder of Skeena Cellulose Inc., a portion of this debt may be attributable to the minority shareholder. 7 Includes debt of the British Columbia Lottery Corporation and the Liquor Distribution Branch.