Ministry of Finance and Corporate Relations Honourable Andrew Petter, Minister

1997 BUDGET REPORTS

A. Economic Review and Outlook

Tables:

• A1: Contributions to 1996 Real GDP Growth
  
• A2: British Columbia Economic Outlook
  

Charts:

• A1: British Columbia Foreign Merchandise
  
• A2: Canada and U.S. Short-Term Interest Rates
  
• A3: British Columbia Employment
  
• A4: Major Components of Personal Income
  
• A5: 1997 Planned Investment
  

Topic Box:

• Minister of Finance's Economic Outlook Conference
  

B. Fiscal Review and Outlook

Tables:

• B1: Summary of Transactions -- Consolidated Revenue Fund
  
• B2: Revenue by Source -- Consolidated Revenue Fund
  
• B3: Expenditure by Ministry -- Consolidated Revenue Fund
  

Charts:

• B1: Comparison of Provincial Revenue Forecast Errors Average Absolute Variance of Estimates From Actuals 1981/82 - 1995/96
  
• B2: Consolidated Revenue Fund Expenditure Growth
  

Topic Boxes:

• Revenue Estimates Based on Prudent Economic Assumptions
  
• Accountability for Performance in the Estimates
  
• Summary Financial Statements and Accounting Policy Changes

C. Financial Management Plan

Tables:

• C1: Operating Plan Forecasts
  
• C2: 1997 Business and Labour Panel Advice
  
• C3: Financial Management Plan Economic Scenarios -- Real (Nominal) Annual Growth in GDP (Per Cent)
  
• C4: Financial Management Plan Medium Term Targets
  
• C5: Forecast Taxpayer-Supported Net Debt as a Per Cent of GDP
  
• C6: Provincial Financing Plan
  

Charts:

• C1: British Columbia Financial Results Surplus/Deficit
  
• C2: Interprovincial Comparison of Debt-to-GDP Ratios as at March 31, 1996
  
• C3: Debt Outstanding by Source
  
• C4: Change in Total Provincial Debt
  
• C5: 1996/97 Borrowing Activity
  

Topic Boxes:

• Categories of Debt
  
• Capital Review

D. Revenue Measures

Tables:

• 1: Typical Savings for British Columbia Families
  
• D1: Summary of Revenue Measures
  
• D2: Summary of Administrative Measures
  

Topic Box:

• User Fees

E. Tax Expenditures

Tables:

• E1: Social and Income Transfer Programs
  
• E2: Economic Development and Business Assistance Programs
  
• E3: Environmental Protection Programs
  

F. Health and Education Funding

Charts:

• F1: K-12 Spending Growth by Province, 1990/91 to 1995/96
  
• F2: K-12 Per Student Spending by Province, 1995/96
  
• F3: Post Secondary Education -- Per Capita Spending Growth by Province, 1990/91 to 1996/97
  
• F4: Post Secondary Education -- Per Capita Spending by Province, 1996/97
  
• F5: University Undergraduate Tuition Fees 1995/96
  
• F6: Health -- Per Capita Spending Growth by Province, 1990/91 to 1996/97
  
• F7: Health -- Per Capita Spending by Province, 1996/97
  

G. Canada Health and Social Transfer

Charts:

• G1: Declining Social Transfers to Provinces
  
• G2: Changes in Canada Health and Social Transfer -- British Columbia
  
• G3: Declining Federal Cash Transfers -- British Columbia
  
• G4: Cuts in Cash Transfers to Provinces
  
• G5: Reduction in British Columbia's Share of Major Federal Transfers
  

Topic Box:

• National Child Benefit

H. Supplementary Tables:

• H1: General Economic Indicators
• H2: Interprovincial Comparisons of Tax Rates
• H3: Comparison of Provincial and Federal Taxes by Province -- 1997
• H4: Summary of Operating and Financing Transactions -- Consolidated Revenue Fund
• H5: Revenue by Source
• H6: Expenditure by Function
• H7: Provincial Net Debt Summary
• H8: Key Debt Indicators

BC Budget 97

---

BC Ministry of Finance and Corporate Relations

If you have questions or comments about content please contact: Communications