The Ministry of Municipal Affairs limits the amount of funds municipalities can contribute towards debt repayments. The limit is around 25% of annual operating revenues.
Current Trend
Each year, the Municipality has obtained its target. In 2016 the debt as a percentage of Debt capacity was 25.8%, 21.7% in 2017 and 21.9% in 2018. In 2019, the positive trend continued as the metric is 21%. In 2020, the metric decreased slightly to 19.8%. In 2021, the debt as a percentage of debt capacity continued the positive trend of decreasing to 17.9%.
Desired Trend
To be less than 80%.
