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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 [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 ]
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
Section 102 of the Act is the federal equivalent to section 126, setting out the requirement for the federal consolidated revenue fund. Each of the provinces maintains a consolidated revenue fund (or equivalent name) consistent with this section: Alberta: "general revenue fund" [10] British Columbia: "consolidated revenue fund" [11]
The Consolidated Revenue Fund of Canada is established by section 102 of the Constitution Act, 1867. The Act went on to stipulate several charges to be made to the fund, some of which were recurring charges, and continue to be withdrawn from the fund today, in accordance with the Act.
The receiver general for Canada (French: receveur général du Canada) is responsible for making payments to the Government of Canada each fiscal year, accepting payments from financial institutions and preparing the Public Accounts of Canada, containing annual audited financial statements of the Government of Canada.
Section 106 of the Act provides that all federal expenditures are to be made by appropriations on the Consolidated Revenue Fund, authorised by the Parliament of Canada. Section 107 of the Act transferred liquid assets relating to the pre-Confederation debts of the provinces to the federal government.
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Domestically, British Columbia, is a member of the New West Partnership Trade Agreement, which creates a single economic region encompassing British Columbia, Alberta, Saskatchewan and Manitoba: a marketplace of more than 11 million people and a GDP of more than $700 billion.