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The interest cost in the year ended March 31, 2024 was $$3.52
billion, or $$293.2 million per month. The debt per person (for every man, woman
and child) grew by 15.9% in 2024, to $19,471.
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
2017
41,499
24,338
65,837
4,752
261,808
25.1%
13,855
NDP
2018
43,607
21,312
64,919
4,817
279,370
23.2%
13,477
NDP
2019
42,681
23,281
65,962
4,992
295,316
22.3%
13,214
NDP
2020
46,229
25,932
72,161
5,071
306,272
23.6%
14,230
NDP
2021
59,750
27,350
87,100
5,148
295,282
29.5%
16,919
NDP
2022
62,341
28,325
90,666
5,215
347,653
26.1%
17,386
NDP
2023
59,888
29,492
89.380
5,319
389,129
23.0%
16,804
NDP
2024
75,402
32,060
107,462
5,519
408,058
26.3%
19,471
NDP
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 2024 debt is as at March 31, 2024, and the
population is as at July 1, 2023.
Taxpayer-Supported Debt
Includes debt from:
provincial government direct operating
Capital:
education - K-12 education and post-secondary institutions
health facilities
highways, ferries and public transit
BC Transportation Financing Authority, BC Transit, public transit, SkyTrain extension
BC Pavilion Corporation
Homeowner Protection Office
social housing
other taxpayer-supported Crown corporations and agencies, loan
guarantees (reconstruction, students, agricultural producers, etc.)
Self-Supported Debt
Includes debt from:
Commercial Crown corporations and agencies, and their debt in 2024:
BC Hydro and Power Authority $29.351 billion
BC Lottery Corporation $169 million
Columbia Power Corporation $266 million
Columbia Basin joint ventures $1.265 billion
Post-secondary institutions' subsidiaries $682 million
BC Liquor Distribution Branch $233 million
Other $94 million - includes Columbia Basin Trust's' share of
real estate investment joint ventures' debt and Insurance
Corporation of BC (ICBC)
Provincial Gross Domestic Product
(GDP)
The GDP is the total value of all the goods produced
and services provided in a year.
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