Showing posts with label interest. Show all posts
Showing posts with label interest. Show all posts

Monday, April 30, 2012

If you decide to read on, make sure you have some Tylenol, and an antacid, handy


The other day I was talking with a media friend, and had mentioned I was thinking of taking a look at how BC's debt has climbed over the years.  Well I did indeed do that, and now I am sorry I did. If you decide to read on, make sure you have some Tylenol, and an antacid, handy.

NDP elected in 1991
Total provincial debt … $9.82 billion

NDP re-elected in 1996
Total provincial debt … $19.53 billion

During the 5 year period of 1991 to 1996, the provincial debt increased by $9.71 billion ($1.95 / year)

BC Liberals elected in 2001
Total provincial debt … $33.9 billion

BC Liberals re-elected in 2005
Total provincial debt … $35.9 billion

BC Liberals re-elected in 2009
Total provincial debt … $37.5 billion

BC Liberal Budget for 2011 … provincial debt of $45,154 Billion

And from the official Budget and Fiscal Plan of February 21st, 2012 … for the years 2012 / 2013 to 2014 / 2015 comes the following figures: