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B.C. Government Criticized Over Ballooning Budget Deficit
BY Connect Newsroom, Dec 18, 2024 7:52 PM - REPORT AN ERROR
BC Conservative finance critic Peter Milobar highlighted the province's growing economic challenges, pointing to the $9.4-billion deficit estimate as evidence of deepening debt.(The Canadian Press)
Premier David Eby's government is facing sharp criticism from the opposition for increasing this year’s record budget deficit by $429 million.
BC Conservative finance critic Peter Milobar highlighted the province's growing economic challenges, pointing to the $9.4-billion deficit estimate as evidence of deepening debt.
Milobar argued that the fiscal update reflects a slowing economy, declining tax revenues from resources and businesses, and escalating costs of major projects such as Vancouver’s Broadway SkyTrain.
He suggested that if voters had been aware of the province's worsening financial state before the election, David Eby might not be premier today.
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