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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.
Starting September 1, 2017, the crown corporation stopped tolling traffic on the bridge, due to a new provincial government. [3] Debt service was transferred to the province of British Columbia at a cost of $135 million per year.
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 .
The Bank of Canada introduced one of the most drastic provincial funding measures the country has ever seen, doubling its balance sheet and outgrowing any strategy taken in 2008 – and it might ...
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.
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
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 ...