Where Has All the Money Gone? NDP Finance Minister Bailey Admits Deep Fiscal Trouble While NDP Debt Soars
In the wake of Finance Minister Brenda Bailey’s recent remarks previewing a “tough budget” and acknowledging B.C. “can’t have the accumulation of debt continue,” the B.C. Conservative Caucus is calling out years of reckless NDP spending that have driven the province into record deficits and a crushing debt burden. Debt has exploded under Premier David Eby. When Eby took office in 2022/23, provincial debt was $89.4 billion. It is now projected to top $155 billion this fiscal year—an increase of roughly 75% in just three years. Despite this massive run-up in spending and debt, life has gotten harder for British Columbians. As the Minister says it is “time to make difficult decisions to secure our future and protect critical services,” people are facing the consequences of this government’s choices. “The numbers show that nearly every aspect of life in British Columbia has gotten harder under the NDP government, despite unprecedented spending,” said Peter Milobar, MLA for...