|
|
| |
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.
|
Friday, September 13, 2002 Provincial and territorial government finance: Assets and liabilitiesAs of March 31, 2001The net debt (defined as the excess of liabilities over financial assets) of provincial and territorial general governments fell to $241.8 billion at March 31, 2001, down $14.4 billion (-5.6%) from March 31, 2000. Financial assets stood at $254.1 billion and total liabilities at $495.9 billion. As a percentage of gross domestic product, the net debt fell to 22.0% in 2001 from 24.7% in 2000. Per capita, the net debt decreased from $8,350 to $7,807. At the provincial and territorial level, Alberta, Northwest Territories and Yukon continued to show a positive excess of financial assets over liabilities in 2001. All other provinces except Newfoundland and Labrador, Nova Scotia and Manitoba reduced their net debt. Per capita net debts were highest in Newfoundland and Labrador ($16,265) and Quebec ($11,912). These statistics are based on the actual data released in the provincial and territorial governments' Public Accounts dated March 31, 2001 and converted to Statistics Canada's Financial Management System (FMS). Note: The FMS provides a standardized presentation of government accounting for the federal, provincial and local governments in Canada. Individual governments' accounting systems are not directly comparable because the policies and structure of governments differ. The FMS adjusts data from governments' Public Accounts and other records to provide detailed data that permit inter-government comparisons as well as compatible national aggregates that are consistent over time. In other words, FMS statistics may not accord with the figures published in government financial statements. A reconciliation statement of the two presentations is available. Available on CANSIM: tables 385-0014 and 385-0017 to 385-0019. Data are available through custom and special tabulation. For more information on the products or services of the Public Institutions Division, contact Joanne Rice (613-951-0767; joanne.rice@statcan.gc.ca). For more information, or to enquire about the concepts, methods or data quality of this release, contact A.J. Gareau (613-951-1826) or Robert Larocque (613-951-1836), Public Institutions Division.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
