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BC Provincial Debt

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Statistics ->
BC Tax
-> BC Debt

BC Provincial Debt Levels 1997 to 2016

The interest cost in the year ended March 31, 2016 was $2.9 billion, or $245.5 million per month.  This is at extremely low interest rates.

Year Taxpayer-
Supported
Debt
$ millions
Self-
Supported
Debt
$ millions

Total
Provincial
Debt
$ millions

Population
'000's @
July 31
Prev. Yr.
Provincial
GDP
$ millions
Debt
to GDP
Debt per
Capita
Party @
Mar 31
1997 21,275 8,096 29,371 3,874 108,454 27.1% 7,582 NDP
1998 22,151 8,204 30,355 3,949 113,596 26.7% 7,687 NDP
1999 23,176 9,057 32,233 3,983 113,945 28.3% 8,093 NDP
2000 25,154 9,297 34,451 4,011 118,783 29.0% 8,589 NDP
2001 24,953 8,882 33,835 4,039 125,690 26.9% 8,377 NDP
2002 27,534 8,548 36,082 4,076 133,514 27.0% 8,852 Liberal
2003 29,383 7,470 36,853 4,098 138,193 26.7% 8,993 Liberal
2004 29,984 7,753 37,737 4,122 145,642 25.9% 9,155 Liberal
2005 28,668 7,201 35,869 4,155 157,675 22.7% 8,633 Liberal
2006 27,251 7,206 34,457 4,197 169,664 20.3% 8,210 Liberal
2007 25,968 7,471 33,439 4,244 182,251 18.3% 7,879 Liberal
2008 26,589 8,048 34,637 4,310 192,117 18.0% 8,036 Liberal
2009 26,446 11,568 38,014 4,384 203,820 18.7% 8,670 Liberal
2010 30,021 11,864 41,885 4,460 195,670 21.4% 9,391 Liberal
2011 31,855 13,299 45,154 4,530 208,295 21.7% 9,969 Liberal
2012 34,659 15,534 50,193 4,499 217,460 23.1% 11,157 Liberal
2013 38,182 17,634 55,816 4,543 222,565 25.1% 12,287 Liberal
2014 41,068 19,625 60,693 4,583 225,794 26.9% 13,243 Liberal
2015 41,880 21,040 62,920 4,631 238,726 26.4% 13,587 Liberal
2016 42,727 22,565 65,292 4,683 244,990 26.7% 13,942 Liberal

Debt levels are as at March 31st of each year.  Population is as at July 1st of each year in the same fiscal year - for instance, the 2016 debt is as at March 31, 2016, and the population is as at July 1, 2015.

Taxpayer-Supported Debt

Includes debt from:

bulletprovincial government direct operating and general capital
bulleteducation - schools and post-secondary education
bullethealth facilities
bullethighways, ferries and public transit
bulletBC Transportation Financing Authority, BC Transit, public transit, SkyTrain extension
bulletBC Pavilion Corporation
bulletHomeowner Protection Office
bulletBorrowing for ministries' capital spending are applied prospectively beginning in fiscal 2009/10.  Figures for 2009 to 2012 have been restated in 2013.
bulletsocial housing
bulletother taxpayer-supported Crown corporations and agencies, loan guarantees (reconstruction, students, agricultural producers, etc.)

Self-Supported Debt

Includes debt from:

bulletCommercial Crown corporations and agencies, and their debt in 2016:
bulletBC Hydro and Power Authority $17.9 billion
bulletBC Lottery Corporation $150 million
bulletColumbia River Power Corporation $296 million
bulletColumbia River power projects $459 million
bulletPost-secondary institutions' subsidiaries $310 million
bulletTransportation Investment Corporation $3.4 billion
bulletOther $33 million - includes Columbia Basin Trust's' share of real estate investment joint ventures' debt, BC Liquor Distribution Branch and School District 91 private company.

Provincial Gross Domestic Product (GDP)

The GDP is the total value of all the goods produced and services provided in a year.

Information sources:

bulletElections BC - Provincial General Election Results
bulletBC Ministry of Finance Public Accounts - Provincial debt summaries
bulletProvincial Debt Summary March 31, 2016 (pdf)
bulletBC Crown Publications - Debt statistics
bulletBC Stats population estimates

Revised: September 19, 2017

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