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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Ben Eisen: B.C.’s pending debt boom – and why elections matter (BUSINESS IN VANCOUVER)

 


For many years, from 2000 and 2016, the British Columbia government prioritized spending restraint and debt reduction. 

 

But after the 2017 election, the government reversed course. Since then, B.C.’s NDP government has increased spending quickly and is now on track to accumulate substantial new debt in the years ahead.

 

Students of Canadian fiscal policy history know that changes in government don’t always produce major changes in fiscal policy ... other times, however, changes in government lead to major changes in policy. Which brings us back to B.C. where after a long run of spending restraint and debt avoidance, the 2017 election represented a major policy pivot ...


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