Government budget and revenue in British Columbia, Canada: official figures
The provincial government of British Columbia took in $79.6 billion of revenue in the 2024/25 fiscal year (Statistics Canada government finance statistics, reference year 2024), or $14,071 per resident; 2nd lowest of 13 provinces and territories per resident. Revenue was $76.3 billion a year earlier.
How much does the government of British Columbia spend?
Expenses of the government of British Columbia came to $92.8 billion in 2024/25, $16,395 per resident (6th lowest of 13 provinces and territories), against $85.9 billion in the previous year.
Source: Statistics Canada · saved copyDoes the government of British Columbia have a deficit?
Revenue minus expense left the government of British Columbia with a net operating deficit of $13.2 billion in 2024/25, equal to 16.5% of revenue; the weakest balance of 13 provinces and territories.
Source: Statistics Canada · saved copyWhere does the government of British Columbia get its money?
Taxes made up 67.6% of revenue for the government of British Columbia in 2024/25 ($53.8 billion), and grants from other levels of government, which include federal transfers, made up 17.6% ($14.0 billion); 4th lowest share of 13 provinces and territories for grants.
Source: Statistics Canada · saved copyHow much income tax does British Columbia collect?
Personal income tax raised $17.1 billion for the government of British Columbia in 2024/25 (21.5% of revenue), and taxes on goods and services, including sales and fuel taxes, raised $19.3 billion (24.2%).
Source: Statistics Canada · saved copyHow much does British Columbia earn from oil and gas royalties?
Oil and gas royalties brought the government of British Columbia $754 million in 2024/25, 0.9% of its revenue.
Source: Statistics Canada · saved copyHow much interest does the government of British Columbia pay?
Interest on debt cost the government of British Columbia $4.3 billion in 2024/25, 4.6% of its expenses; 5th lowest share of 13 provinces and territories. Social benefits paid directly to people came to $10.0 billion.
Source: Statistics Canada · saved copyWhat is the debt of British Columbia?
At the end of 2024/25, the government of British Columbia had financial assets of $107.0 billion and liabilities of $144.6 billion, a net financial debt of $37.5 billion, or $6,631 per resident; 5th strongest position of 13 provinces and territories per resident.
Source: Statistics Canada · saved copyHow much has the government of British Columbia borrowed?
Debt securities such as bonds and treasury bills issued by the government of British Columbia stood at $120.8 billion at the end of 2024/25, $21,343 per resident, against $91.7 billion a year earlier.
Source: Statistics Canada · saved copyHow British Columbia compares with other provinces
Provincial or territorial government revenue per resident, 2024/25 (2024/25)
British Columbia ranks 12 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government revenue per resident, 2024/25 |
|---|---|---|
| 7 | Newfoundland and Labrador | $17,242 |
| 8 | Alberta | $16,573 |
| 9 | Nova Scotia | $16,287 |
| 10 | New Brunswick | $15,887 |
| 11 | Manitoba | $14,686 |
| 12 | British Columbia | $14,071 |
| 13 | Ontario | $12,770 |
Provincial or territorial government expense per resident, 2024/25 (2024/25)
British Columbia ranks 8 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government expense per resident, 2024/25 |
|---|---|---|
| 5 | Saskatchewan | $19,278 |
| 6 | Prince Edward Island | $18,595 |
| 7 | Newfoundland and Labrador | $17,814 |
| 8 | British Columbia | $16,395 |
| 9 | Manitoba | $15,813 |
| 10 | Nova Scotia | $15,806 |
| 11 | New Brunswick | $15,233 |
Net operating balance as a share of revenue, 2024/25 (2024/25)
British Columbia ranks 13 of 13, highest first. Negative values are deficits.
| Rank | Region | Net operating balance as a share of revenue, 2024/25 |
|---|---|---|
| 7 | Newfoundland and Labrador | -3.3% |
| 8 | Manitoba | -7.7% |
| 9 | Prince Edward Island | -7.8% |
| 10 | Ontario | -8.2% |
| 11 | Quebec | -9.2% |
| 12 | Saskatchewan | -9.3% |
| 13 | British Columbia | -16.5% |
Net financial worth per resident, 2024/25 (negative = net debt) (2024/25)
British Columbia ranks 5 of 13, highest first.
| Rank | Region | Net financial worth per resident, 2024/25 (negative = net debt) |
|---|---|---|
| 2 | Northwest Territories | $4,418 |
| 3 | Yukon | $3,838 |
| 4 | Alberta | $-2,604 |
| 5 | British Columbia | $-6,631 |
| 6 | New Brunswick | $-7,444 |
| 7 | Saskatchewan | $-8,460 |
| 8 | Nova Scotia | $-11,267 |
Interest as a share of government expense, 2024/25 (2024/25)
British Columbia ranks 9 of 13, highest first.
| Rank | Region | Interest as a share of government expense, 2024/25 |
|---|---|---|
| 6 | Prince Edward Island | 5.2% |
| 7 | Saskatchewan | 5.1% |
| 8 | Alberta | 4.9% |
| 9 | British Columbia | 4.6% |
| 10 | Nova Scotia | 4.6% |
| 11 | Northwest Territories | 1.8% |
| 12 | Nunavut | 0.4% |
Grants from other levels of government as a share of revenue, 2024/25 (2024/25)
British Columbia ranks 10 of 13, highest first.
| Rank | Region | Grants from other levels of government as a share of revenue, 2024/25 |
|---|---|---|
| 7 | Nova Scotia | 34.6% |
| 8 | Newfoundland and Labrador | 25.5% |
| 9 | Quebec | 17.9% |
| 10 | British Columbia | 17.6% |
| 11 | Ontario | 17.4% |
| 12 | Saskatchewan | 17.2% |
| 13 | Alberta | 14.3% |
More on British Columbia: overview · economy and jobs · health · education and schools · poverty and living standards · Canada
Sources
- Statistics Canada: Table 10-10-0017-01: Canadian government finance statistics for the provincial and territorial governments (Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 1ced6a105cfe…)
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