From The Tyee:
BC debt hits new record high as Public Accounts released
By Bob Makin
Published July 16, 2014 11:25 am
British Columbia's debt reached a new record high $60.693 billion on March 31 and contractual obligations are nearing $100 billion.
That is according to the July 15-released Public Accounts for the 2013-2014 fiscal year.
The debt increased $4.877 billion during the year. The total includes $41.068 billion taxpayer-supported debt for government operations, education, health and transportation infrastructure and $19.625 billion self-supported debt from Crown corporations and agencies. The largest Crown corporation debt is $15.559 billion for BC Hydro.
By comparison, the accumulated provincial net debt was $45.154 billion as of March 31, 2011, just over two weeks after Christy Clark was sworn-in as premier. Clark earned derision from the NDP and BC Conservatives when she campaigned in a bus last year emblazoned with "Debt Free B.C." to promote her vision of a liquefied natural gas industry. The Office of the Premier did trim its purchasing card spending, from $402,848.38 to $395,220.26 in the past year. It is substantially less than the $475,015.19 spent in 2011.
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