Finance Minister Carole James releases the provincial public accounts report during a press conference at the press gallery at B.C. Legislature in Victoria, B.C., on Thursday, July 18, 2019.One of the last acts of the BC NDP government of the 1990s was to try to restore its tattered fiscal credibility.
Ms. James covets the province’s triple-A credit rating as much as any fiscal conservative, and she is happy to trumpet the private-sector forecasts that project that the province’s economic growth will be first among the provinces this year. In November, the Finance Minister delivered her most recent financial update, warning of volatility ahead for the economy. B.C. exports are declining, retail sales are slowing and the forest sector, in particular, is shrinking. The Crown corporations that usually provide dividends to government are underperforming. Even with a $1-billion cushion built into this year’s budget, the list of risks is daunting.Ms.
GlobeBC Instead embrace a balanced budget and work smarter to find savings and new sources of revenue without raising taxes. Surely there are savings to be had by reviewing all expenditures and programs including unnecessary duplication and eliminate red tape to streamline services.
GlobeBC Shocker...... socialists running out of money😬. I’m sure there is a new tax that they can dream up!
GlobeBC No.
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