Report G: SUPPLEMENTARY TABLES

TABLE Gl
GENERAL ECONOMIC INDICATORS
MEDIUM-TERM PROJECTIONS

Unit or Base Period 1992 1993 1994 1995

Population and Labour Force:

Population (July 1) thousands 3,477 3,575 3,670 3,766

Net In-migration number 69,452 76,359 79,519 61,287

Interprovincial number 39,458 37,455 38,267 24,415

International number 29,994 38,904 41,252 36,872

Labour force thousands 1,809 1,845 1,913 1,935

Labour force participation rate * per cent 67.1 66.3 66.7 65.7

Male per cent 74.7 74.4 74.5 73.0

Female per cent 59.6 58.5 59.1 58.5

Employment. thousands 1,619 1,666 1,733 1,762

Male thousands 885 920 946 963

Female thousands 735 745 787 799

Full-time thousands 1,304 1,341 1,374 1,413

Part-time thousands 315 325 359 349

Unemployment rate. per cent 10.5 9.7 9.4 9.0

Male per cent 11.1 9.8 10.2 9.2

Female per cent 9.8 9.6 8.5 8.6

Main Economic Indicators:

Provincial gross domestic product $ millions 86,337 92,127 99,900 106,5701

Capital investment (new) $ millions 17,368 18,006 20,403 19,656

Retail sales $ millions 24,433 26,348 29,032 30,532

New motor vehicle sales units 151,325 147,786 155,966 148,069

Housing starts dwelling units 40,621 42,807 39,408 27,057

Building permits $ millions 6,256 6,389 6,318 5,415

Exports $ millions 16,353 19,064 22,880 26,864

Incomes:

Personal income $ millions 78,190 82,168 85,949 90,8451

Labour income $ millions 48,234 50,596 53,653 56,478

Average weekly earnings $ millions 545.42 557.50 577.15 594.73

Prices:

Consumer price index, B.C. (urban) 1986=100 127.2 131.6 134.2 137.3

Consumer price index, Vancouver 1986=100 127.4 132.0 134.7 138.0

Consumer price index, Victoria 1986=100 126.4 130.2 132.8 136.1

Industrial product price index, Canada index ($Cdn.) 1986=100 109.1 112.7 119.1 128.8

B.C. export commodity price 1986=100 107.2 119.0 136.6 154.3

Per cent of the working-age population in the labour force.

Unit or Base Period 1992 1993 1994 1995

Financial Indicators:

Business incorporations number 20,406 22,955 25,774 23,846

Business bankruptcies number 1,031 830 827 973

Shares traded (Vancouver Stock Exchange) $ millions 3,572 6,781 5,783 6,422

Personal savings deposits at chartered banks $ millions 33,521 36,591 38,997 41,497

Personal loans outstanding at chartered banks
$ millions 8,636 9,446 10,408 11,300(1)

Sector Indicators:

Manufacturing shipments $ millions 24,852 27,143 30,727 33,444

Timber scaled thousand cubic metres 74,006 79,239 75,649 76,472

Lumber production thousand cubic metres 33,396 33,935 33,671 32,611

Pulp and paper production thousand tonnes 6,646 7,048 7,617 7,585

Gross value of mineral production $ millions 2,534 2,347 2,677 3,4631

Petroleum and natural gas production $ millions 883 1,048 1,227 9511

Electric power generation (net) million kilowatt hours 64,058 58,774 61,015 58,016

Farm cash receipts $ millions 1,396 1,442 1,524 1,553

Foreign visitors thousands 5,312 5,477 5,999 6,577

Regional Data:

Housing Starts

Vancouver ....................................... 18,684 21,307 20,473 14,992

Victoria ....................................... 2,421 2,633 2,303 1,299

Chilliwack ....................................... 1,428 1,468 1,187 588

Kamloops ....................................... 980 1,067 1,029 663

Kelowna ....................................... 2,612 1,963 1,496 1,205

Matsqui ....................................... 1,678 2,045 1,600 886

Nanaimo ....................................... 1,313 1,520 996 642

Prince George ....................................... 460 426 370 292

Campbell River ....................................... 421 416 548 318

Courtenay ....................................... 1,096 1,471 1,309 506

Duncan ....................................... 507 625 495 242

Penticton ....................................... 1,018 885 552 277

Vernon ....................................... 794 742 656 432

Average Employment Average Unemployment Rate

Labour Markets Nov. '94 to Jan. '95 Nov. '95 to Jan. '96 Nov. '94 to Jan. '95 Nov. '95 to Jan.'96

Greater Vancouver 891,000 907,000 8.1 8.7

Greater Victoria 140,000 141,000 8.0 10.2

Vancouver Island/Coast 305,000 296,000 10.3 11.2

Mainland/Southwest 997,000 1,027,000 8.2 8.8

Thompson-Okanagan 185,000 191,000 11.1 11.5

Kootenay 70,000 64,000 8.5 9.5

Cariboo 73,000 79,000 10.3 7.0

North Coast and Nechako 48,000 48,000 9.1 8.3

Northeast 35,000 33,000 6.8 7.2

(1)Estimates.
Sources: Statistics Canada, Bank of Canada, Government of British Columbia, industry associations.

TABLE G2
INTERPROVINCIAL COMPARISONS OF TAX RATES
(RATES AS OF APRIL 1, 1996)¹

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

Personal income tax

Percentage of Basic Federal Tax(3) 52.0 45.5 50.0 52.0 58.0 n/a 64.0 59.5 59.5 69.0

Flat Tax(4) n/a 0.5 2.0 2.0 n/a n/a n/a n/a n/a n/a

Surtax Rate(5) 30/21.5 8 10/15 2 n/a 8 10 10 n/a

Threshold $5,300/
$8,915 $3,500 $1/
$4,000 Net Income
>$30,000 $5,500/
$8,000 n/a $13,500 $10,000 $12,500 n/a

Provincial personal
income tax
(per cent of family income)(6)
6.0 5.7 7.9 7.3 6.7 8.5 7.4 6.9 6.9 7.9

Corporation income tax (per cent of taxable income)(7)

General Rate 16.5 15.5 17 17 15.5 8.90 17 16 15 14

Small Business Rate 9 6 8 9 9.5 5.75 7 5 7.5 5

Corporation capital tax(8)

Non
financial 0.3 Nil 0.6 0.3 0.3 0.64 Nil Nil Nil Nil

Financial 1.03/3.0 2.0 3.25 3.0 1.12 1.28 3.0 3.0 3.0 3.0

Health Care Premiums(9)
Individual/family 36/72 34/68 Nil Nil Nil Nil Nil Nil Nil Nil

Payroll tax(10) (per cent) Nil Nil Nil 2.25 1.95 4.26 Nil Nil Nil 2.0

Insurance premium tax (per cent)(11) 2-3 2-3 2-3 2-3 2-3.5 2-3 2-3 3-4 3 4

Fuel Taxes (cents per litre)(12)

Gasoline 11.0 9.0 15.0 11.5 14.7 18.7 10.7 13.5 12.0 16.5

Diesel 11.5 9.0 15.0 10.9 14.3 16.6 13.7 15.4 12.5 16.5

Retail sales tax (per cent)

General rate 7 Nil 9 7 8 6.5 11 11 10 12

Liquor 10 Nil 7 7 12 69.54 11 11 37.5 12

Meals Nil Nil Nil 7 8 6.5 11 11 10 12

Accom-
modation 8 5 9 7 5 6.5 11 11 10 12

Tobacco tax (dollars per carton of 200 cigarettes)(13) 22.00 14.00 19.20 18.45 5.05 5.85 10.20 9.88 11.35 26.20

Rates shown are for the 1996 taxation year.
British Columbia tax rates are shown as announced in the 1996 Budget.
Quebec has its own income tax system which is not directly comparable. Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia provide general tax reductions at low income levels.
Percentage of taxable income in Alberta and percentage of net income in Saskatchewan and Manitoba.
Provincial high income surtaxes: the surtax rate is applied to provincial tax in excess of the threshold level (the Manitoba surtax applies to net income over $30,000). British Columbia and Ontario have two-tiered surtaxes. Saskatchewan's Debt Reduction Surtax is 10 per cent of basic provincial tax, reduced by $150.
Calculated for a two income family of four with one spouse earning $35,000 and the other earning $20,000, both with employment income and claiming basic personal credits and typical major deductions.
Alberta, Saskatchewan, Ontario, Prince Edward Island and Newfoundland have lower rates for manufacturing and processing.
The British Columbia non-financial rate applies to corporations with paid-up capital in excess of $1.5 million; Ontario has lower rates for corporations with less than $2.3 million in taxable capital. Large Saskatchewan resource corporations are assessed a 3 per cent surcharge on the value of Saskatchewan resource sales.
British Columbia has a two person rate of $64. British Columbia and Alberta offer premium assistance in the form of lower rates or an exemption from premiums for lower income individuals and families.
Manitoba, Ontario and Newfoundland provide payroll tax relief for small businesses.
The lower rate applies to premiums for life, sickness and accident insurance; the higher rate applies to premiums for property insurance. The rate on automobile insurance is 4 per cent in British Columbia and Saskatchewan, and 3 per cent in Ontario. Sales tax applies to insurance premiums, except those related to individual life and health, in Ontario (8 per cent), Quebec (9 per cent) and Newfoundland (1 2 per cent). The sales tax is reduced to 5 per cent for automobile insurance in Quebec and Ontario.
Tax rate is for regular fuel used on highways. The British Columbia rate includes two cents per litre dedicated to the BC Transportation Financing Authority. The rates do not include regional taxes. The Quebec rate includes estimated sales tax.
Includes estimated provincial sales tax where applicable.

TABLE G3
COMPARISON OF PROVINCIAL AND FEDERAL TAXES BY PROVINCE - 1996

Two Income Family of Four - 90,000

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

1 . Provincial Income Tax 6,935 6,490 8,990 8,995 7,735 11,081 8,536 7,935 7,935 9,202

Net Child Benefits 0 0 - - - (540) - - - -

2. Property Tax

- Gross 2,460 2,200 3,650 4,100 2,740 2,900 2,340 2,591 2,400 1,555

- Net 1,990 2,200 3,650 3,850 2,740 2,900 2,340 2,591 2,400 1,555

3. Retail Sales Tax 1,056 15 1,253 1,253 1,166 1,395 1,394 1,614 1,623 1,600 2,069

4. Fuel Tax 165 135 225 173 221 279 161 203 180 248

5. Provincial Direct Taxes 10,l46 8,840 14,118 14,184 12,091 15,114 12,651 12,352 12,115 13,074`

6. Health Care Premiums Payroll Tax 864 816 - 2,025 1,755 3,375 - - - 1,350

7. Total Provincial Tax 11,010 9,656 14,118 16,209 13,846 18,489 12,651 12,352 12,115 14,424

8. Federal Income Tax 13,737 13,737 13,737 13,737 13,737 13,737 13,737 13,737 13,737 13,737

9. Net Federal GST 1,514 1,633 1,445 1,469 1,504 1,389 1,427 1,450 1,454 1,390

10. Total Tax 26,261 25,026 29,300 31,415 29,087 33,615 27,815 27,539 27,306 29,551

Two Income Family of Four -$55,000

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

1 . Provincial Income Tax 3,290 3,136 4,327 3,994 3,669 4,693 4,049 3,764 3,764 4,365

Net Child Benefits 0 102 - - - (472) - - - -

2. Property Tax

- Gross 1,850 1,300 2,400 2,850 2,400 1,900 1,504 2,003 1,500 1,100

- Net 1,380 1,300 2,400 2,600 2,400 1,900 1,504 2,003 1,500 1,100

3. Retail Sales Tax 791 11 962 906 1,061 1,117 1,236 1,237 1,219 1,595

4. Fuel Tax 165 135 225 173 221 279 161 203 180 248

5. Provincial Direct Taxes 5,626 4,684 7,914 7,673 7,351 7,517 6,950 7,207 6,663 7,308

6. Health Care Premiums Payroll Tax 864 816 - 1,238 1,073 2,063 - 825

7. Total Provincial Tax 6,490 5,500 7,914 8,911 8,424 9,580 6,950 7,207 6,663 8,133

8. Federal Income Tax 6,516 6,516 6,516 6,516 6,516 6,516 6,516 6,516 6,516 6,516

9. Net Federal GST 1,134 1,216 1,109 1,141 1,144 1,114 1,093 1,105 1,108 1,071

10. Total Tax 14,140 13,232 15,539 16,568 16,084 17,210 14,559 14,828 14,287 15,720

Two Income Family of Four -$30,000

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

1. Provincial Income Tax 1,284 1,042 1,337 942 1,141 (627) 1,580 1,469 1,469 1,703

Net Child Benefits (718) 102 - - - (472) - - - -

2. Property Tax

- Gross 1,850 1,300 2,400 2,850 2,400 1,900 1,504 2,003 1,500 1,100

- Net 1,380 1,300 2,400 2,600 2,400 1,900 1,504 2,003 1,500 1,100

3. Retail Sales Tax 526 8 696 639 736 835 876 872 860 1,250

4. Fuel Tax 165 135 225 173 221 279 161 203 180 248

5. Provincial Direct Taxes 2,637 2,587 4,658 4,354 4,498 1,915 4,121 4,547 4,009 4,301

6. Health Care Premiums Payroll Tax 864 816 - 675 585 1,125 - - - 450

7. Total Provincial Tax 3,501 3,403 4,658 5,029 5,083 3,040 4,121 4,547 4,009 4,751

8. Federal Income Tax 2,543 2,543 2,543 2,543 2,543 2,543 2,543 2,543 2,543 2,543

9. Net Federal GST 300 398 349 352 340 378 321 325 328 292

10. Total Tax 6,344 6,344 7,550 7,924 7,966 5,961 6,985 7,415 6,880 7,586

Unattached Individual $25,000

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

1 . Provincial Income Tax 1,402 1,345 1,853 1,586 1,420 2,363 1,725 1,604 1,604 1,860

2. Property Tax - - - - - - - - - -

3. Retail Sales Tax 386 4 451 481 578 551 675 671 733 841

4. Fuel Tax 110 90 150 115 147 186 107 135 120 165

5. Provincial Direct Taxes 1,898 1,439 2,454 2,182 2,145 3,100 2,507 2,410 2,457 2,866

6. Health Care Premiums Payroll Tax 432 408 - 563 488 938 - - - 375

7. Total Provincial Tax 2,330 1,847 2,454 2,745 2,633 4,038 2,507 2,410 2,457 3,241

8. Federal Income Tax 2,776 2,776 2,776 2,776 2,776 2,776 2,776 2,776 2,776 2,776

9. Net Federal GST 263 305 255 275 276 242 246 251 246 236

10. Total Tax 5,369 4,928 5,485 5,796 5,685 7,056 5,529 5,437 5,479 6,253

Unattached Individual - $80,000

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

1 . Provincial Income Tax 8,881 7,700 10,773 10,403 9,779 12,957 9,913 9,216 9,216 10,688

2. Property Tax

- Gross 1,550 1,650 1,650 2,600 2,600 2,400 825 1,996 1,500 1,533

- Net 1,080 1,650 1,650 2,350 2,600 2,400 825 1,996 1,500 1,533

3. Retail Sales Tax 853 10 950 1,004 1,218 1,116 1,450 1,462 1,596 1,778

4. Fuel Tax 165 135 225 173 221 279 161 203 180 248

5. Provincial Direct Taxes 10,979 9,495 13,598 13,930 13,818 16,752 12,349 12,877 12,492 14,247

6. Health Care Premiums Payroll Tax 432 408 - 1,800 1,560 3,000 - - - 1,200

7. Total Provincial Tax 11,411 9,903 13,598 15,730 15,378 19,752 12,349 12,877 12,492 15,447

8. Federal Income Tax 16,104 16,104 16,104 16,104 16,104 16,104 16,104 16,104 16,104 16,104

9. Net Federal GST 1,250 1,389 1,175 1,209 1,220 1,103 1,179 1,207 1,195 1,138

10. Total Tax 28,765 27,396 30,877 33,043 32,702 36,959 29,632 30,188 29,791 32,689

Senior Couple with Equal Pension Incomes $30,000

Tax British Columbia(2) Alberta Saskat-
chewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island New-
foundland

1 . Provincial Income Tax 718 308 991 143 181 1,029 884 822 822 953

2. Property Tax

- Gross 1,850 1,300 2,400 2,850 2,400 1,900 1,504 2,003 1,500 1,100

- Net 1,105 300 2,400 2,600 2,400 1,900 1,504 2,003 1,500 1,100

3. Retail Sales Tax 679 16 806 763 908 1,033 1,072 1,044 1,073 1,412

4. Fuel Tax 110 90 150 115 147 186 107 135 120 165

5. Provincial Direct Taxes 2,612 714 4,347 3,621 3,636 4,148 3,567 4,004 3,515 3 3,630

6. Health Care Premiums Payroll Tax 768 816 - - - - - - - -

7. Total Provincial Tax 3,380 1,530 4,347 621 636 4,148 567 004 3,515 3,630

8. Federal Income Tax 1,423 1,423 1,423 1,423 1,423 1,423 1,423 1,423 1,423 1,423

9. Net Federal GST 851 968 804 846 844 839 818 802 823 822

10. Total Tax 5,654 3,921 6,574 5,890 5,903 6,410 5,808 6,229 5,761 5,875

Personal Income Tax

Income tax is based on basic personal credits, applicable provincial credits, and typical major deductions at each income level. Quebec residents pay federal income tax less an abatement of 16.5 per cent of basic federal tax. This abatement has been used to reduce Quebec provincial tax rather than federal tax, for comparative purposes. The two income family of four with $55,000 annual income is assumed to have one spouse earning $35,000 and the other $20,000, the family with $90,000 income is assumed to have one spouse earning $50,000 and the other $40,000, the family with $30,000 is assumed to have each spouse earning $15,000 and each senior is assumed to receive $15,000. All representative families are assumed to have employment income except the senior couple. Contributions to the Quebec Health Services Fund are included in Quebec personal income tax.

Net Child Benefits

Net child benefits are provincial measures affecting payments to families with children. Starting in July 1996, eligible British Columbia families will receive the BC Family Bonus of up to $103 per month per child under the age of 18. Quebec has a family allowance and the Alberta and Quebec governments have chosen to vary the amount of the basic federal child tax benefit that their residents receive (shown as a net amount in those two provinces).

Property Tax

Estimates of property taxes are from Royal LePage Winter 1996 Survey of Canadian House Prices. It is assumed that the individual at $25,000 rents accommodation; the family at $30,000 and at $55,000 and the senior couple own bungalows; the family at $90,000 owns a two-storey executive style home; and the single at $80,000 owns a luxury condominium, in a major city for each province. Net property taxes are estimated as taxes owing after credits provided through the property tax system are subtracted.

Sales and Fuel Tax Estimates

Includes sales tax on meals, liquor and accommodation. Estimates are based on expenditure paftems from the 1992 Survey of Family Expenditures. In estimating individual and family taxable consumption, disposable income is reduced by 20 per cent to reflect housing (mortgage and property taxes or rent) costs. The senior couple is assumed to own their home and have no mortgage costs. For each province, disposable income is further reduced by estimated federal income taxes, estimated provincial income taxes and health care premiums if applicable. In addition, the single individual with $80,000 annual income and the family with $90,000 annual income are assumed to have savings equal to five per cent of their disposable income. For each family, disposable income is distributed among expenditures using the consumption pattern of a typical family with the relevant characteristics as estimated by the family expenditure survey. The provincial retail sales tax and the federal goods and services tax (GST) components of these expenditures are then calculated. GST estimates have been reduced by the GST credit, where applicable.
Fuel tax is based on annual consumption: 1,000 litres of unleaded fuel for the single at $25,000, the family at $30,000 and the senior couple; others are assumed to consume 1,500 litres.

Health Care Premiums/Payroll Tax

Health care premiums are levied in British Columbia and Alberta only. Approximately 50 per cent of British Columbia premiums are paid by employers on behalf of their employees with the remainder paid by individuals, either by employees or by residents who are not employed. Payroll taxes, in the four provinces that levy them, are paid by the employer. The cost to employers of payroll taxes and health care premiums paid on behalf of employees is generally reflected in reduced wages.

Effective Tax Rates

British Columbia taxes have been calculated using rates as presented in the 1996 provincial budget. Taxes for other provinces were calculated using rates that were announced prior to April 1, 1996, and come into effect during 1996.

TABLE G4
SUMMARY OF OPERATING AND FINANCING TRANSACTIONS
CONSOLIDATED REVENUE FUND

Actual
1992/93 Actual
1993/94 Actual
1994/95 Revised
Forecast
1995/96 (1) Budget Estimate
1996/97

($ millions)

Revenue (2) 16,250.0 (3) 18,002.5 19,547.3 20,130.0 20,659.0

Expenditure 17,935.7 18,912.9 19,993.7 20,114.0 20,572.0

Surplus (Deficit) (1,685.7) (910.4) (446.4) 16.0 87.0

Net Receipts (Disbursements) from Financing and Working Capital Transactions (4) (599.2) 17.5 271.9 (252.0) (34.0)

Decrease (Increase) in Cash and Short-Term Investments (74.1) (394.7) 250.2 200.0 -

Net (increase) Decrease in Government Direct Debt (2,359.0) (1,287.6) 75.7 (36.0) 53.0

Net Debt at Year End: (5) Government Direct 8,969.5 10,257.1 10,181.4 10,217.4 10,164.4

Warehouse Borrowing Program - - - 888.0 120.0

Crown Corporation and Agency 13,376.1 14,635.4 15,833.0 16,524.3 17,596.7

Other Fiscal Agency Loans 385.9 479.1 501.0 473.3 170.4

Other Debt (6) 679.6 545.1 523.4 427.7 380.1

Total Net Debt at Year End 23,411.1 25,916,7 27,038.8 28,530.7 28,431.6

To conform to the 1996/97 budget estimate, the revised forecast amounts for 1995/96 have been restated to reflect the transfer of the motor vehicle branch and a portion of motor vehicle licence revenue to the Insurance Corporation of British Columbia. The effect of this restatement is to reduce both revenue and expenditure by $42 million in the 1995/96 revised forecast. The restatement does not affect the surplus.
Revenue amounts exclude dedicated revenue collected on behalf of, and transferred to, Crown corporations and agencies.
For comparative purposes, revenue has been restated to reflect an accounting change in 1993/94 to record personal income tax on an accrual basis. Revenue includes actual and estimated amounts due to the province regardless of when the cash is received.
Financing and working capital transactions represent either a source or use of funds, such as the payment or collection of loans and accounts payable/receivable. They do not cause a change in the annual surplus (deficit) but only a change in the composition of the provincial government's assets and liabilities.
Net of sinking funds and unamortized discount balances.
Includes student assistance loans, loan guarantees to agricultural producers and guarantees issued under economic development assistance programs and the British Columbia mortgage assistance program. Also includes non-guaranteed debt of British Columbia Lottery Corporation, British Columbia Railway Company (Vancouver Wharves Ltd.), Pacific National Exhibition and the Provincial Rental Housing Corporation.

TABLE G5
REVENUE BY SOURCE CONSOLIDATED REVENUE FUND (1)

Actual
1992/93 Actual
1993/94 Actual
1994/95 Revised
Forecast
1995/96 (1) Budget Estimate
1996/97 Annual Rate of Growth
1992/93
to
1996/97

($ millions) (per cent)

Taxation Revenue:

Personal income.. 4,212.12 4,477.2 4,706.5 5,002.0 5,216.0 5.5

Corporation income 545.0 719.4 997.8 1,315.0 1,450.0 27.7

Social service 2,085.3 2,643.3 2,861.0 2,959.0 3,127.0 10.7

Fuel 591.1 641.7 666.6 698.0 673.0 3.3

Tobacco 483.2 482.4 516.4 475.0 475.0 (0.4)

Property - residential (school

-purpose 416.2 441.6 469.6 486.0 498.0 4.6

Property - business (school

purpose 638.9 685.7 690.0 698.0 712.0 2.7

Property - rural area 55.0 57.7 52.0 63.0 65.0 4.3

Property transfer 353.1 372.6 339.1 270.0 305.0 (3.6)

Corporation capital 320.3 359.1 399.6 390.0 440.0 8.3

Insurance premium 131.7 151.7 162.2 160.0 170.0 6.6

Hotel Room 58.7 62.7 69.6 78.0 82.0 8.7

Horse racing 6.0 5.4 6.5 6.0 6.0 -

Total taxation revenue 9,896.6 11,100.5 11,936.9 12,600.0 13,219.0 7.5

Natural Resource Revenue:

Petroleum and natural gas:

Natural gas royalties 76.4 134.2 130.8 99.0 157.0 19.7

Permits and fees 66.3 214.0 219.5 156.0 137.0 19.9

Petroleum royalties 54.1 44.8 49.8 56.0 56.0 0.9

196.8 393.0 400.1 311.0 350.0 15.5

Minerals 42.1 46.4 65.5 84.0 81.0 17.8

Forests:

Timber sales 540.5 709.3 1,042.9 1,132.0 1,212.0 22.4

Small business forest enterprise

program 176.1 282.5 374.8 333.0 360.0 19.6

Logging tax (6.3) 21.9 69.1 123.0 116.0 -

Other forests revenue 11.0 17.9 12.1 15.0 12.0 2.2

721.3 1,031.6 1,498.9 1,603.0 1,700.0 23.9

Water resources 289.4 284.8 261.8 269.0 255.0 (3.1)

Wildlife Act 14.7 15.7 17.5 20.0 15.0 0.5

304.1 300.5 279.3 289.0 270.0 (2.9)

Total natural resource revenue 1,264.3 1,771.5 2,243.8 2,287.0 2,401.0 17.4

Actual
1992/93

Actual
1993/94

Actual
1994/95

Revised
Forecast
1995/96

Budget
Estimate
1996/97 Annual
Rate of Growth
1992/93 to
1996/97

($ millions) (per cent)

Other Revenue:

Medical Services Plan premiums 776.6 778.3 805.2 826.0 848.0 2.2

Motor vehicle licences and

permits. 231.6 268.7 297.7 273.03 289.0 5.7

Other fees and licences. 309.2 335.6 363.9 325.0 378.0 5.2

Investment earnings.. 122.6 128.4 63.1 128.0 126.0 0.7

British Columbia Endowment

Fund4. 46.9 70.6 80.2 25.0 - (100.0)

Miscellaneous.. 171.1 231.5 266.1 254.0 377.0 21.8

Total other revenue.. 1,658.0 1,813.1 1,876.2 1,831.0 2,018.0 5.0

Contributions from Government

Enterprises:

Liquor Distribution Branch... 517.1 554.8 568.5 569.0 587.0 3.2

British Columbia Hydro and

Power Authority. 237.6 244.7 198.0 125.0 214.0 (2.6)

British Columbia Lottery

Corporation 227.0 233.8 235.4 245.0 262.0 3.6

Other.. 33.9 15.0 26.0 42.0 49.0 9.6

Total contributions from

government enterprises 1,015.6 1,048.3 1,027.9 981.0 1,112.0 2.3

Contributions from the Federal

Government:

Canada health and social

transfer (5) 2,236.32 2,090.5 2,242.7 2,276.0 1,798.0 (5.3)

Other 179.2 178.6 219.8 155.0 11 1.0 (11.3)

Total contributions from the

federal government... 2,415.5 2,269.1 2,462.5 2,431.0 1,909.0 (5.7)

TOTAL REVENUE.. 16,250.0 18,002.5 19,547.3 20,130.0 20,659.0 6.2

For comparative purposes, figures for prior years have been restated to be consistent with the presentation used in 1996/97. Revenue amounts exclude dedicated revenue collected on behalf of, and transferred to, Crown corporations-and agencies.
For comparative purposes, revenue has been restated to reflect an accounting change in 1993/94 to record personal income tax on an accrual basis. This change also affects Canada health and social transfer revenue as the amount of the entitlement is determined by deducting a tax transfer of 13.5 points of personal income tax and one point of corporate income tax. Revenue includes actual and estimated amounts due to the province regardless of when the cash is received.
For comparative purposes, the revised forecast has been restated to reflect the transfer of the motor vehicle branch and a portion of motor vehicle licence revenue to the Insurance Corporation of British Columbia. The effect of this change reduces the 1995/96 revised forecast by $42 million.
The British Columbia Endowment Fund was dissolved effective June 30, 1995.
In 1996/97, the federal government introduced the Canada health and social transfer, replacing the former established programs financing and Canada assistance plan programs.

TABLE G6
EXPENDITURE BY FUNCTION (1)
CONSOLIDATED REVENUE FUND

Actual
1992/93

Actual
1993/94

Actual
1994/95

Revised
Forecast
1995/96

Budget
Estimate
1996/97 Annual
Rate of Growth
1992/93 to
1996/97

($ millions)

Health 6,002.9 6,288.4 6,586.4 6,810.7 6,996.1 3.9

Social services. 2,366.5 2,704.7 2,890.1 2,978.0 2,873.7 5.0

Education. 4,803.8 4,983.7 5,251.8 5,569.5 5,806.5 4.9

Protection of persons and

property. 883.1 976.8 1,039.5 1,050.22 1,017.1 3.6

Transportation. 1,077.6 1,030.0 909.0 858.3 899.2 (4.4)

Natural resources and

economic development 1,154.9 1,139.8 1,498.9 1,134.5 1,110.6 (1.0)

Other. 558.7 624.2 595.1 480.0 596.6 1.7

General government. 274.7 249.6 255.8 253.8 271.2 (0.3)

Debt servicing. 813.5 915.7 967.1 979.0 1,001.0 5.3

TOTAL EXPENDITURE 17,935.7 18,912.9 19,993.7 20,114.0 20,572.0 3.5

Expenditure by function has been restated to conform more closely to the presentation used by Statistics Canada.
To conform to the 1996/97 budget estimate, the revised forecast for 1995/96 has been restated to reflectthe transfer ofthe motorvehicle branch to the Insurance Corporation of British Columbia. The effect of this restatement is to reduce expenditure by $42 million in the 1995/96 revised forecast.

TABLE G7
PROVINCIAL NET DEBT SUMMARY

As at March 31,
Actual
1993
Actual
1994
Actual
1995 Revised
Forecast
1996 Budget
Estimate
1997

($ millions unless otherwise indicated)

Purposes:

Provincial Government Direct. 8,969.5 10,257.1 10,181.4 10,217.4 10,164.4

Commercial Crown Corporations and Agencies:

British Columbia Hydro and Power Authority. 7,259.7 7,614.8 7,662.3 7,485.9 7,391.1

British Columbia Railway Company. 250.4 287.9 310.9 325.8 319.5

WLC Developments Ltd. - 1.5 - - -

7,510.1 7,904.2 7,973.2 7,811.7 7,710.6

Economic Development Crown Corporations and

Agencies:

British Columbia Ferry Corporation 348.7 418.0 432.8 502.7 619.5

British Columbia Transit 1,370.5 1,370.5 1,449.5 1,502.4 1,577.4

BC Transportation Financing Authority - 73.0 275.9 590.0 982.1

Other (2) 9.3 20.4 24.1 32.0 31.6

1,728.5 1,881.9 2,182.3 2,627.1 3,210.6

Social and Government Services Crown

Corporations and Agencies:

British Columbia Assessment Authority 5.5 5.9 5.5 7.0 7.0

British Columbia Buildings Corporation 578.8 612.3 698.1 726.9 779.2

British Columbia Educational Institutions Capital

Financing Authority 755.7 958.1 1,117.1 1,211.4 1,337.2

British Columbia Regional Hospital Districts

Financing Authority 1,049.4 1,079.7 1,255.6 1,297.7 1,460.9

British Columbia School Districts Capital

Financing Authority 1,392.5 1,787.3 2,257.0 2,510.8 2,761.8

Capital Project Certificate of Approval Programs 369.5 409.6 319.0 310.8 310.8

British Columbia Systems Corporation. 28.5 26.0 25.9 21.6 19.3

4,179.9 4,878.9 5,678.2 6,086.2 -6,676.2

Other Fiscal Agency Loans:

Greater Vancouver Sewerage and

Drainage District. 161.5 197.5 187.0 174.7 -4

Greater Vancouver Water District. 102.2 130.2 137.1 130.9 -4

Universities and Colleges. 117.8 148.3 173.6 164.4 167.1

Local Governments 4.4 3.1 3.3 3.3 3.3

385.9 479.1 501.0 473.3 170.4

Less Amounts Held as Investments/Cash for

Relending by the Consolidated

Revenue Fund and

Crown Corporations and Agencies. 42.4 29.6 0.7 0.7 0.7

Warehouse Borrowing Program - - - 888.0 120.0

Government, Crown Corporation and Agency

Debt Total. 22,731.5 25,371.6 26,515.4 28,103.0 28,051.5

Other Guarantees (5) 590.6 425.5 398.7 300.5 247.2

Total Direct and Guaranteed Debt 23,322.1 25,797.1 26,914.1 28,403.5 28,298.7

Revised Budget

Actual Actual Actual Forecast Estimate

As at March 31, 1993 1994 1995 1996 1997

($ millions unless otherwise indicated)

Non-Guaranteed Debts (6) 89.0 119.6 124.7 127.2 132.9

Total Provincial Debt 23,411.1 25,916.7 27,038.8 28,530.7 28,431.6

Taxpayer-Supported Debt (7) 15,895.9 17,981.1 19,037.5 19,806.7 20,580.7

Total Provincial Debt as a per cent of GDP 27.1% 28.1% 27.1% 26.8% 25.4%

Taxpayer-Supported Debt as a per cent of GDP 18.4% 19.5% 19.1% 18.6% 18.4%

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.
Includes the British Columbia Housing Management Commission and Pacific Racing Association.
Short-term borrowings obtained by financing authorities under the Certificate of Approval Program are used as interim financing of capital construction and are eventually converted to long-term debt.
Outstanding debt of the Greater Vancouver Sewerage and Drainage District and the Greater Vancouver Water District were defeased on April 1, 1996. The districts will meet future funding requirements through the Municipal Finance Authority of British Columbia.
Includes student assistance loans, loan guarantees to agricultural producers and guarantees issued under economic development assistance programs and the British Columbia mortgage assistance program. Includes loan guarantee provisions.
Includes debt of the British Columbia Lottery Corporation, British Columbia Railway Company (Vancouver Wharves Ltd.), Pacific National Exhibition and Provincial Rental Housing Corporation that is not guaranteed by the provincial government.
Excludes debt of commercial Crown corporations and agencies, funds held under the province's warehouse borrowing program, and non-guaranteed debt of the British Columbia Lottery Corporation and British Columbia Railway Company (Vancouver Wharves Ltd.).

TABLE G8
KEY DEBT INDICATORS

For fiscal year ending March 31

1993 1994 1995 Revised
Forecast
1996 Budget
Estimate
1997

Debt to revenue (per cent)

Total provincial.. 95.8 97.2 92.0 94.5 91.5

Taxpayer-supported... 85.3 87.0 82.9 83.0 83.5

Debt per capita ($)'

Total provincial. 6,733 7,250 7,368 7,576 7,364

Taxpayer-supported.. 4,572 5,030 5,187 5,259 5,330

Debt to GDP (per cent)2

Total provincial. 27.1 28.1 27.1 26.8 25.4

Taxpayer-supported. 18.4 19.5 19.1 18.6 18.4

Interest bite (cents per

dollar of revenue)3

Total provincial. 8.8 8.2 8.6 8.6 8.7

Taxpayer-supported. 6.9 7.2 7.5 7.4 7.7

Interest costs ($ millions)

Total provincial. 2,142 2,186 2,518 2,607 2,705

Taxpayer-suppofted. 1,293 1,494 1,732 1,785 1,907

Interest rate (per cent)4

Taxpayer-supported. 9.7 9.4 8.9 8.6 8.5

Background Information:

Revenue ($ millions)

Total provincial5.. 24,441 26,653 29,401 30,189 31,085

Taxpayer-suppoqed6. 18,641 20,665 22,977 23,853 24,649

Total debt ($ millions)

Total provincial. 23,411 25,917 27,039 28,531 28,432

Taxpayer-supported7. 15,896 17,981 19,038 19,807 20,581

Provincial GDP ($ millions,

calendar year) 86,337 92,127 99,900 106,650 111,780

Population (thousands at July 1) 3,477 3,575 3,670 3,766 3,861

The ratio of debt to population (e.g. 1995/96 debt divided by population at July 1, 1995)-
The ratio of debt outstanding at fiscal year end to provincial nominal gross domestic product (GDP) for the calendar year ending in the fiscal year.
The ratio of interest costs (less sinking fund interest) to revenue.
Weighted average.
Includes revenue of the consolidated revenue fund plus revenue of all Crown corporations and agencies.
Excludes revenue of commercial Crown corporations and agencies.
Excludes debt of commercial Crown corporations and agencies, funds held under the province's warehouse borrowing program, and non-guaranteed debt of the British Columbia Lottery Corporation and British Columbia Railway Company (Vancouver Wharves Ltd.).

	Unit or Base Period	1992	1993	1994	1995
Population and Labour Force:
Population (July 1)	thousands	3,477	3,575	3,670	3,766
Net In-migration	number	69,452	76,359	79,519	61,287
Interprovincial	number	39,458	37,455	38,267	24,415
International	number	29,994	38,904	41,252	36,872
Labour force	thousands	1,809	1,845	1,913	1,935
Labour force participation rate *	per cent	67.1	66.3	66.7	65.7
Male	per cent	74.7	74.4	74.5	73.0
Female	per cent	59.6	58.5	59.1	58.5
Employment.	thousands	1,619	1,666	1,733	1,762
Male	thousands	885	920	946	963
Female	thousands	735	745	787	799
Full-time	thousands	1,304	1,341	1,374	1,413
Part-time	thousands	315	325	359	349
Unemployment rate.	per cent	10.5	9.7	9.4	9.0
Male	per cent	11.1	9.8	10.2	9.2
Female	per cent	9.8	9.6	8.5	8.6

Main Economic Indicators:
Provincial gross domestic product	$ millions	86,337	92,127	99,900	106,5701
Capital investment (new)	$ millions	17,368	18,006	20,403	19,656
Retail sales	$ millions	24,433	26,348	29,032	30,532
New motor vehicle sales	units	151,325	147,786	155,966	148,069
Housing starts	dwelling units	40,621	42,807	39,408	27,057
Building permits	$ millions	6,256	6,389	6,318	5,415
Exports	$ millions	16,353	19,064	22,880	26,864

Incomes:
Personal income	$ millions	78,190	82,168	85,949	90,8451
Labour income	$ millions	48,234	50,596	53,653	56,478
Average weekly earnings	$ millions	545.42	557.50	577.15	594.73

Prices:
Consumer price index, B.C. (urban)	1986=100	127.2	131.6	134.2	137.3
Consumer price index, Vancouver	1986=100	127.4	132.0	134.7	138.0
Consumer price index, Victoria	1986=100	126.4	130.2	132.8	136.1
Industrial product price index, Canada index ($Cdn.)	1986=100	109.1	112.7	119.1	128.8
B.C. export commodity price	1986=100	107.2	119.0	136.6	154.3

Sector Indicators:
Manufacturing shipments	$ millions	24,852	27,143	30,727	33,444
Timber scaled	thousand cubic metres	74,006	79,239	75,649	76,472
Lumber production	thousand cubic metres	33,396	33,935	33,671	32,611
Pulp and paper production	thousand tonnes	6,646	7,048	7,617	7,585
Gross value of mineral production	$ millions	2,534	2,347	2,677	3,4631
Petroleum and natural gas production	$ millions	883	1,048	1,227	9511
Electric power generation (net)	million kilowatt hours	64,058	58,774	61,015	58,016
Farm cash receipts	$ millions	1,396	1,442	1,524	1,553
Foreign visitors	thousands	5,312	5,477	5,999	6,577

Regional Data:
Housing Starts
Vancouver	.......................................	18,684	21,307	20,473	14,992
Victoria	.......................................	2,421	2,633	2,303	1,299
Chilliwack	.......................................	1,428	1,468	1,187	588
Kamloops	.......................................	980	1,067	1,029	663
Kelowna	.......................................	2,612	1,963	1,496	1,205
Matsqui	.......................................	1,678	2,045	1,600	886
Nanaimo	.......................................	1,313	1,520	996	642
Prince George	.......................................	460	426	370	292
Campbell River	.......................................	421	416	548	318
Courtenay	.......................................	1,096	1,471	1,309	506
Duncan	.......................................	507	625	495	242
Penticton	.......................................	1,018	885	552	277
Vernon	.......................................	794	742	656	432

	Average Employment		Average Unemployment Rate
Labour Markets	Nov. '94 to Jan. '95	Nov. '95 to Jan. '96	Nov. '94 to Jan. '95	Nov. '95 to Jan.'96
Greater Vancouver	891,000	907,000	8.1	8.7
Greater Victoria	140,000	141,000	8.0	10.2
Vancouver Island/Coast	305,000	296,000	10.3	11.2
Mainland/Southwest	997,000	1,027,000	8.2	8.8
Thompson-Okanagan	185,000	191,000	11.1	11.5
Kootenay	70,000	64,000	8.5	9.5
Cariboo	73,000	79,000	10.3	7.0
North Coast and Nechako	48,000	48,000	9.1	8.3
Northeast	35,000	33,000	6.8	7.2

Tax	British Columbia(2)	Alberta	Saskat- chewan	Manitoba	Ontario	Quebec	New Brunswick	Nova Scotia	Prince Edward Island	New- foundland
Personal income tax
Percentage of Basic Federal Tax(3)	52.0	45.5	50.0	52.0	58.0	n/a	64.0	59.5	59.5	69.0
Flat Tax(4)	n/a	0.5	2.0	2.0	n/a	n/a	n/a	n/a	n/a	n/a
Surtax Rate(5)	30/21.5	8	10/15	2		n/a	8	10	10	n/a
Threshold	$5,300/ $8,915	$3,500	$1/ $4,000	Net Income >$30,000	$5,500/ $8,000	n/a	$13,500	$10,000	$12,500	n/a
Provincial personal income tax (per cent of family income)(6)	6.0	5.7	7.9	7.3	6.7	8.5	7.4	6.9	6.9	7.9
Corporation income tax (per cent of taxable income)(7)
General Rate	16.5	15.5	17	17	15.5	8.90	17	16	15	14
Small Business Rate	9	6	8	9	9.5	5.75	7	5	7.5	5
Corporation capital tax(8)
Non financial	0.3	Nil	0.6	0.3	0.3	0.64	Nil	Nil	Nil	Nil
Financial	1.03/3.0	2.0	3.25	3.0	1.12	1.28	3.0	3.0	3.0	3.0
Health Care Premiums(9) Individual/family	36/72	34/68	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
Payroll tax(10) (per cent)	Nil	Nil	Nil	2.25	1.95	4.26	Nil	Nil	Nil	2.0
Insurance premium tax (per cent)(11)	2-3	2-3	2-3	2-3	2-3.5	2-3	2-3	3-4	3	4
Fuel Taxes (cents per litre)(12)
Gasoline	11.0	9.0	15.0	11.5	14.7	18.7	10.7	13.5	12.0	16.5
Diesel	11.5	9.0	15.0	10.9	14.3	16.6	13.7	15.4	12.5	16.5
Retail sales tax (per cent)
General rate	7	Nil	9	7	8	6.5	11	11	10	12
Liquor	10	Nil	7	7	12	69.54	11	11	37.5	12
Meals	Nil	Nil	Nil	7	8	6.5	11	11	10	12
Accom- modation	8	5	9	7	5	6.5	11	11	10	12
Tobacco tax (dollars per carton of 200 cigarettes)(13)	22.00	14.00	19.20	18.45	5.05	5.85	10.20	9.88	11.35	26.20

	Actual 1992/93		Actual 1993/94	Actual 1994/95	Revised Forecast 1995/96 (1)	Budget Estimate 1996/97
		($ millions)
Revenue (2)	16,250.0 (3)		18,002.5	19,547.3	20,130.0	20,659.0
Expenditure	17,935.7		18,912.9	19,993.7	20,114.0	20,572.0
Surplus (Deficit)	(1,685.7)		(910.4)	(446.4)	16.0	87.0
Net Receipts (Disbursements) from Financing and Working Capital Transactions (4)	(599.2)		17.5	271.9	(252.0)	(34.0)
Decrease (Increase) in Cash and Short-Term Investments	(74.1)		(394.7)	250.2	200.0	-
Net (increase) Decrease in Government Direct Debt	(2,359.0)		(1,287.6)	75.7	(36.0)	53.0
Net Debt at Year End: (5) Government Direct	8,969.5		10,257.1	10,181.4	10,217.4	10,164.4
Warehouse Borrowing Program	-		-	-	888.0	120.0
Crown Corporation and Agency	13,376.1		14,635.4	15,833.0	16,524.3	17,596.7
Other Fiscal Agency Loans	385.9		479.1	501.0	473.3	170.4
Other Debt (6)	679.6		545.1	523.4	427.7	380.1
Total Net Debt at Year End	23,411.1		25,916,7	27,038.8	28,530.7	28,431.6

Health	6,002.9	6,288.4	6,586.4	6,810.7	6,996.1	3.9
Social services.	2,366.5	2,704.7	2,890.1	2,978.0	2,873.7	5.0
Education.	4,803.8	4,983.7	5,251.8	5,569.5	5,806.5	4.9
Protection of persons and
property.	883.1	976.8	1,039.5	1,050.22	1,017.1	3.6
Transportation.	1,077.6	1,030.0	909.0	858.3	899.2	(4.4)
Natural resources and
economic development	1,154.9	1,139.8	1,498.9	1,134.5	1,110.6	(1.0)
Other.	558.7	624.2	595.1	480.0	596.6	1.7
General government.	274.7	249.6	255.8	253.8	271.2	(0.3)
Debt servicing.	813.5	915.7	967.1	979.0	1,001.0	5.3
TOTAL EXPENDITURE	17,935.7	18,912.9	19,993.7	20,114.0	20,572.0	3.5

	($ millions unless otherwise indicated)
Purposes:
Provincial Government Direct.	8,969.5	10,257.1	10,181.4	10,217.4	10,164.4
Commercial Crown Corporations and Agencies:
British Columbia Hydro and Power Authority.	7,259.7	7,614.8	7,662.3	7,485.9	7,391.1
British Columbia Railway Company.	250.4	287.9	310.9	325.8	319.5
WLC Developments Ltd.	-	1.5	-	-	-
	7,510.1	7,904.2	7,973.2	7,811.7	7,710.6
Economic Development Crown Corporations and
Agencies:
British Columbia Ferry Corporation	348.7	418.0	432.8	502.7	619.5
British Columbia Transit	1,370.5	1,370.5	1,449.5	1,502.4	1,577.4
BC Transportation Financing Authority	-	73.0	275.9	590.0	982.1
Other (2)	9.3	20.4	24.1	32.0	31.6
	1,728.5	1,881.9	2,182.3	2,627.1	3,210.6
Social and Government Services Crown
Corporations and Agencies:
British Columbia Assessment Authority	5.5	5.9	5.5	7.0	7.0
British Columbia Buildings Corporation	578.8	612.3	698.1	726.9	779.2
British Columbia Educational Institutions Capital
Financing Authority	755.7	958.1	1,117.1	1,211.4	1,337.2
British Columbia Regional Hospital Districts
Financing Authority	1,049.4	1,079.7	1,255.6	1,297.7	1,460.9
British Columbia School Districts Capital
Financing Authority	1,392.5	1,787.3	2,257.0	2,510.8	2,761.8
Capital Project Certificate of Approval Programs	369.5	409.6	319.0	310.8	310.8
British Columbia Systems Corporation.	28.5	26.0	25.9	21.6	19.3
	4,179.9	4,878.9	5,678.2	6,086.2	-6,676.2
Other Fiscal Agency Loans:
Greater Vancouver Sewerage and
Drainage District.	161.5	197.5	187.0	174.7	-4
Greater Vancouver Water District.	102.2	130.2	137.1	130.9	-4
Universities and Colleges.	117.8	148.3	173.6	164.4	167.1
Local Governments	4.4	3.1	3.3	3.3	3.3
	385.9	479.1	501.0	473.3	170.4
Less Amounts Held as Investments/Cash for
Relending by the Consolidated
Revenue Fund and
Crown Corporations and Agencies.	42.4	29.6	0.7	0.7	0.7
Warehouse Borrowing Program	-	-	-	888.0	120.0
Government, Crown Corporation and Agency
Debt Total.	22,731.5	25,371.6	26,515.4	28,103.0	28,051.5
Other Guarantees (5)	590.6	425.5	398.7	300.5	247.2
Total Direct and Guaranteed Debt	23,322.1	25,797.1	26,914.1	28,403.5	28,298.7

				Revised	Budget
	Actual	Actual	Actual	Forecast	Estimate
As at March 31,	1993	1994	1995	1996	1997

		($ millions unless otherwise indicated)

Non-Guaranteed Debts (6)	89.0		119.6	124.7	127.2	132.9
Total Provincial Debt	23,411.1		25,916.7	27,038.8	28,530.7	28,431.6
Taxpayer-Supported Debt (7)	15,895.9		17,981.1	19,037.5	19,806.7	20,580.7
Total Provincial Debt as a per cent of GDP	27.1%		28.1%	27.1%	26.8%	25.4%
Taxpayer-Supported Debt as a per cent of GDP	18.4%		19.5%	19.1%	18.6%	18.4%

	For fiscal year ending March 31
	1993	1994	1995	Revised Forecast 1996	Budget Estimate 1997
Debt to revenue (per cent)
Total provincial..	95.8	97.2	92.0	94.5	91.5
Taxpayer-supported...	85.3	87.0	82.9	83.0	83.5
Debt per capita ($)'
Total provincial.	6,733	7,250	7,368	7,576	7,364
Taxpayer-supported..	4,572	5,030	5,187	5,259	5,330
Debt to GDP (per cent)2
Total provincial.	27.1	28.1	27.1	26.8	25.4
Taxpayer-supported.	18.4	19.5	19.1	18.6	18.4
Interest bite (cents per
dollar of revenue)3
Total provincial.	8.8	8.2	8.6	8.6	8.7
Taxpayer-supported.	6.9	7.2	7.5	7.4	7.7
Interest costs ($ millions)
Total provincial.	2,142	2,186	2,518	2,607	2,705
Taxpayer-suppofted.	1,293	1,494	1,732	1,785	1,907
Interest rate (per cent)4
Taxpayer-supported.	9.7	9.4	8.9	8.6	8.5
Background Information:
Revenue ($ millions)
Total provincial5..	24,441	26,653	29,401	30,189	31,085
Taxpayer-suppoqed6.	18,641	20,665	22,977	23,853	24,649
Total debt ($ millions)
Total provincial.	23,411	25,917	27,039	28,531	28,432
Taxpayer-supported7.	15,896	17,981	19,038	19,807	20,581
Provincial GDP ($ millions,
calendar year)	86,337	92,127	99,900	106,650	111,780
Population (thousands at July 1)	3,477	3,575	3,670	3,766	3,861