Budget 97 Reports
BC Budget 97
BC Ministry of Finance and Corporate Relations
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The following electronic version is for informational purposes only. The printed version remains the official version. |
BUDGET 97: REPORTS Ministry of Finance and Corporate Relations Province of British Columbia |
| 1994 | 1995 1 | 1996 | Revised Forecast 1997 |
Budget Estimate 1998 |
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| For fiscal year ending March 31 | ||||||
| Debt to revenue (per cent) | ||||||
| Total provincial | 97.2 | 90.8 | 93.9 | 95.1 | 99.2 | |
| Taxpayer-supported | 87.0 | 81.5 | 83.1 | 87.8 | 92.7 | |
| Debt per capita ($) 2 | ||||||
| Total provincial | 7,250 | 7,388 | 7,647 | 7,633 | 7,837 | |
| Taxpayer-supported | 5,030 | 5,208 | 5,297 | 5,513 | 5,745 | |
| Debt to GDP (per cent) 3 | ||||||
| Total provincial | 28.4 | 27.4 | 27.8 | 28.2 | 28.5 | |
| Taxpayer-supported | 19.7 | 19.3 | 19.3 | 20.3 | 20.9 | |
| Interest bite (cents per dollar of revenue) 4 | ||||||
| Total provincial | 8.2 | 8.7 | 8.6 | 8.0 | 8.0 | |
| Taxpayer-supported | 7.2 | 7.4 | 7.3 | 7.4 | 7.4 | |
| Interest costs ($ millions) | ||||||
| Total provincial | 2,186 | 2,605 | 2,651 | 2,464 | 2,502 | |
| Taxpayer-supported | 1,494 | 1,731 | 1,763 | 1,778 | 1,813 | |
| Interest rate (per cent) 5 | ||||||
| Taxpayer-supported | 9.4 | 8.9 | 8.9 | 8.5 | 8.0 | |
| Background Information: | ||||||
| Revenue ($ millions) | ||||||
| Total provincial 6 | 26,653 | 29,878 | 30,640 | 30,948 | 31,125 | |
| Taxpayer-supported 7 | 20,665 | 23,454 | 23,999 | 24,207 | 24,417 | |
| Total debt ($ millions) | ||||||
| Total provincial | 25,917 | 27,122 | 28,776 | 29,424 | 30,868 | |
| Taxpayer-supported 8 | 17,981 | 19,118 | 19,934 | 21,254 | 22,631 | |
| Provincial GDP ($ millions) | 91,228 | 98,910 | 103,433 | 104,420 | 108,170 | |
| Population (thousands at July 1) | 3,575 | 3,671 | 3,763 | 3,855 | 3,939 | |
| 1 | Figures for 1995 have been restated to be consistent with the 1998 Budget Estimate. |
| 2 | The ratio of debt to populace (e.g. 1996/97 debt divided by population at July 1, 1996). |
| 3 | 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. |
| 4 | The ratio of interest costs (less sinking fund interest) to revenue. Figures for 1995 and onward include capitalized interest expense in order to provide a more comparable measure to outstanding debt. |
| 5 | Weighted average. |
| 6 | Includes revenue of the consolidated revenue fund plus revenue of all Crown corporations and agencies. |
| 7 | Excludes revenue of commercial Crown corporations and agencies. |
| 8 | 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, Liquor Distribution Brand and British Columbia Railway Company (Vancouver Wharves Ltd.). |
BC Ministry of Finance and Corporate Relations
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