B.C. budget deficits to come after healthy surplus: Finance Minister Katrine Conroy

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‘This is a bit of an anomaly, this year’s surplus, and we will be announcing the direction we are moving in,’ says Katrine Conroy.

Conroy suggested Monday that deficits are now in the province’s future following last year’s budget where a surplus of almost $6 billion was projected and saw the government spend on affordability, infrastructure and housing initiatives.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“We believe that the surplus money we’re spending right now is money we’re spending on people,” said Conroy. “We’re spending on helping people. We’re spending on ensuring people get the supports and services they need.” In recent days, Eby announced a second government affordability credit to help people offset inflation costs and a one-time $500-million pledge to B.C. Ferries to reduce the prospect of rising fares.

Opposition Liberal Leader Kevin Falcon said he’s expecting the government to continue spending in the new budget, but without strategic overview or focus on results.Article content

 

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Brilliant!

deficits at these interest rates...

That seems like mismanagement - especially after the increased health care dollars from the federal govt.

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