Premier David Eby had billions in the coffers when he took office but large-scale spending and lowered revenues have cratered finances (Vancouver Sun)
In just under three years, BC’s NDP government has gone from projecting billions in surpluses to logging a record deficit. So how did the province’s finances flip in just a few years time?
When Premier David Eby took over in 2022, BC was on track to post a $5.7 billion surplus for the 2022-23 fiscal year. He had a choice: Spend the money on one-time programs or use it to pay off some of the province’s debt.
His predecessor, John Horgan, had gone into deficit spending in the 2019-2020 and 2020-21 years at the height of the COVID-19 pandemic. Other than that, he posted balanced budgets every year alongside finance ministers Carole James and Selina Robinson ...
CLICK HERE for the full story
%20_%20X.png)
Comments
Post a Comment