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Graphic representation of Financial Sustainability
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Debt as a Percentage of Debt Capacity

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%.

Desired Trend

To be less than 80%.