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Bailey dodges deficit timelines as BC finances unravel at speed (The Orca)


The BC government is not ready to announce when or how it will balance the budget, says the finance minister, despite a damning presentation Tuesday on the deteriorating state of the province’s finances that suggests it might take more than five years.

Brenda Bailey said that while credit rating agencies, economists and other experts may want to see a concrete plan to balance the record $11.6-billion deficit, she’s still putting the building blocks in place towards such a goal.

“I’m not going to be setting a specific timeline at this point,” said Bailey. “There’s a lot of volatility in the economy right now. But this work is ongoing. And we’re going to get back to balance over time” ...

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