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British Columbia government debt is composed of the financial liabilities of the Canadian provincial government of British Columbia. [1]: 81 As of 2023, the British Columbia (BC) total government debt (total liabilities) was $129.3 billion for the 2022-23 fiscal year (ending 31 March 2023). [2]
The value of provincial outstanding debt securities liabilities expressed as a percentage of GDP was lowest for British Columbia (26.1%) and highest for Manitoba (71.4%) in 2021. Debt securities provide a useful measure of debt because they comprise the largest component of gross debt and are relatively straightforward to measure.
Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta , Saskatchewan , Newfoundland and Labrador and the territories rely heavily on natural resources .
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
British Columbia is the third largest Canadian province by population [7] and fourth largest provincial economy. [8] Like other provinces in the Canadian federation , B.C. consists of both private and public institutions.
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
The Government of British Columbia (French: Gouvernement de la Colombie-Britannique) is the body responsible for the administration of the Canadian province of British Columbia. The term Government of British Columbia can refer to either the collective set of all three institutions, or more specifically to the executive—ministers of the Crown ...
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