Skip to main content

Skip to navigation

The access keys for this page are:

Capital Spending and Provincial Debt

Updated capital spending of $5.5 billion is little changed from the second Quarterly Report forecast and $369 million higher than the Budget 2007 amount.

The main changes since the second Quarterly Report are shown in Table 5.6, and further details on capital spending are shown in Table 5.13.

Table 5.5.

Provincial debt is forecast to total $35.0 billion at year-end – up $95 million from the second Quarterly Report forecast, but $1.8 billion below the Budget 2007 amount. Taxpayer-supported debt is expected to total $26.8 billion – up $425 million from the second Quarterly Report forecast, but $1.0 billion below budget.

Significant changes in debt since the second Quarterly Report are shown in Table 5.6, and further details on the provincial debt forecast are shown in Table 5.14.

The total debt forecast represents 18.4 per cent of provincial GDP, while taxpayer-supported debt is forecast at 14.1 per cent of GDP. The debt to GDP ratios forecast in the Budget 2007 for total and taxpayer-supported debt were 19.6 per cent and 14.8 per cent respectively. The improvements in the debt to GDP ratios reflect lower than expected debt balances and stronger than forecast GDP.

Table 5.6.

Table 5.7.

Table 5.8.

Table 5.9.

Table 5.10.

Table 5.11.

Table 5.12.

Table 5.12 - continued.

Table 5.13.

Table 5.14.

Table 5.15.

Back. Balanced Budget 2008 Home. Next