British Columbia government debt is composed of the financial liabilities of the Canadian provincial government of British Columbia.[1]: 81
As of 2023[update], the British Columbia (BC) total government debt (total liabilities) was $129.3 billion for the 2022-23 fiscal year (ending 31 March 2023).[2] Total debt consists mainly of debt securities (e.g. government-issued bonds), but includes other financial liabilities such as accounts payable.[2]: 154 The BC government had $85.2 billion in debt securities (e.g., government bonds) outstanding in 2022.[3]
British Columbia government net debt (i.e., total debt minus financial assets) was $60.7 billion in 2022–23.[2]: 154 Net debt per person was $11,329, and net debt as a percentage of provincial GDP was 15.4 percent.[2]: 154
British Columbia became the first province in Canada to pass legislation to limit the growth in government debt in 1991.[4] Between 2000 and 2022, BC had legislation in place to limit the growth of government debt, with the measures having been introduced by both major parties (the New Democratic Party and the BC Liberal Party).[5][6][4]
^Government finance statistics manual 2014 (PDF) (Report). International Monetary Fund. ISBN 978-1-49837-916-8.
^ abcd"Table A15, Budget 2024: Budget and Fiscal Plan 2024/25 – 2026/27" (PDF). British Columbia Ministry of Finance.
^"Table 10-10-0147-01 Canadian government finance statistics, statement of operations and balance sheet for consolidated government". Statistics Canada. 22 November 2023.
^ abCite error: The named reference CBC2009 was invoked but never defined (see the help page).
^Cite error: The named reference Leyne was invoked but never defined (see the help page).
^Cite error: The named reference MAAct was invoked but never defined (see the help page).
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