Once you factor in capital spending (roads, bridges, etc.), the province’s fiscal position looks worse. When that spending is factored in, the annual report shows that the province’s overall net financial assets (that’s all the government’s financial assets minus its debts) deteriorated by $9.2 billion last year alone, leaving the province with just $3.9 billion in remaining net financial assets at year end. Since the provincial government is still spending much more than it takes in, it‘s now just a few months away from entering a net debt position for the first time since 2000/01.
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