Report H: SUPPLEMENTARY TABLES

TABLE H8
KEY DEBT INDICATORS

		For fiscal year ending March 31
		1995	1996	1997	Revised Forecast 1998	Budget Estimate 1999
Debt to revenue (per cent)
	Total provincial	94.0	97.4	97.7	99.9	103.0
	Taxpayer-supported	85.0	87.0	91.1	94.9	99.0
Debt per capita ($) 1
	Total provincial	7,369	7,624	7,579	7,627	7,811
	Taxpayer-supported	5,186	5,275	5,481	5,556	5,727
Debt to GDP (per cent) 2
	Total provincial	27.4	28.2	28.2	28.1	29.0
	Taxpayer-supported	19.3	19.5	20.4	20.5	21.2
Interest bite (cents per dollar of revenue) 3
	Total provincial	8.8	8.9	8.0	7.9	8.1
	Taxpayer-supported	7.6	7.7	7.3	7.5	7.8
Interest costs ($ millions)
	Total provincial	2,546	2,609	2,388	2,369	2,460
	Taxpayer-supported	1,711	1,749	1,691	1,728	1,802
Interest rate (per cent) 4
	Taxpayer-supported	8.9	8.9	8.2	8.0	7.9
Background Information:
Revenue ($ millions)
	Total provincial 5	28,774	29,474	29,940	30,021 7	30,340
	Taxpayer-supported 6	22,392	22,843	23,199	23,028 7	23,134
Total debt ($ millions)
	Total provincial	27,050	28,713	29,240	29,998	31,243
	Taxpayer-supported 8	19,037	19,866	21,144	21,850	22,909
Provincial GDP ($ millions)		98,555	101,945	103,631	106,710	107,870
Population (thousands at July 1)		3,671	3,766	3,858	3,933	4,000

1	The ratio of debt to population (e.g. 1997/98 debt divided by population at July 1, 1997).
2	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.
3	The ratio of interest costs (less sinking fund interest) to revenue.
4	Weighted average of all outstanding debt issues.
5	Includes revenue of the consolidated revenue fund plus revenue of all Crown corporations and agencies.
6	Excludes revenue of commercial Crown corporations and agencies.
7	Effective 1997/98, a change in the basis of financing education capital and related loans results in a permanent reduction in revenue.
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 Branch, British Columbia Railway Company and Columbia Basin Power Company (a joint venture of the Columbia Power Corporation and the Columbia Basin Trust Power Corporation).

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