Provincial budget & finance

Should we be afraid of the government debt?

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Governments around the world are running large deficits in order to prop up their economies and dampen the hit of the global recession. For almost a year now, economists abandoned their usual anti-deficit arguments and seemed to agree that increasing government spending to stimulate the economy is the best way forward. We were all Keynesians… View Article

And from the department of kicking kittens……

Sep 10, 2009
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Vaughn Palmer asked the Finance Minister a question in the Budget lock-up on the day of the Budget speech.  How about a list of all those programs you’re going to cut?  No can do, Finance Minister Colin Hansen replied.  You’ll just have to wait until the Public Accounts are published next year. In the Liberal… View Article

On tough times and priorities

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The BC government cannot afford $130,000 for the budget of BC School Sports, a volunteer organization which organizes sporting events for students. This is likely to affect 100,000 high school athletes across the province whose meets and competitions will be canceled. “It’s not business as usual right now,” explained Education Minister Margaret MacDiarmid, quoted in… View Article

Doing the math on all-day-K

Sep 8, 2009
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Amid the corner-cutting exercise that was the September BC budget, there seemed to be a glimmer of hope: actual money was alloted for the expansion of kindergarten to full day. Could it be that the BC government has finally started to get it and is planning to heed its own report on childcare (as I’ve… View Article

Teeny Budget factoid

Sep 3, 2009
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It appears when it comes to the heavy lifting of cutting spending in BC, not all public agencies are equal. The February Budget documents stated that: To ensure that health services are protected in the current economic environment, the Ministry of Health Services and health authorities will be required to achieve efficiencies and administrative savings… View Article

People don’t want cuts in government services: Ipsos-Reid

Aug 28, 2009
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An Ipsos-Reid poll of 800 British Columbians indicates people would rather see a deficit than see public services slashed. The poll was conducted in early August for the BC Federation of Labour.  It shows a solid majority of British Columbians disaprove of the way the government is handling the economic downturn.  Only 45% of people… View Article

Still reckless and unnecessary

Aug 27, 2009
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Gary Mason offers this summary of the past eight years in yesterday’s Globe: When B.C. Liberal Premier Gordon Campbell came to office in 2001 he unleashed a top-to-bottom review of all government agencies in an effort to bring finances in order. The result wasn’t pretty. It led to protests of all kinds from any number… View Article