Provincial budget & finance

BC Budget 2009: Vanilla, No Sprinkles (revised)

Faced with a nasty recession at its doorstep, the BC budget is uninspiring and underwhelming in its ambition. Overall there is little that actively plans for a recession, preferring instead a steady-as-she-goes budget, perhaps aimed at cultivating the image of responsible economic managers in a time of crisis. There are no tax cuts or drastic… View Article

Charity doesn’t buy a lot of shoes

OK, this is just a little crass, but the calculation begs to be done. It apppears rather than buying himself a new pair of shoes for the Budget Speech, the Finance Minister has donated $4,000 to the Salvation Army to buy 100 pairs of running shoes for poor children. A generous gesture. But if he… View Article

Tales from the Mouth of the Fraser

Feb 16, 2009
With the BC budget just 27 hours away, in today’s Vancouver Sun, you can find my pre-budget oped. Alas, as often happens, I am paired with the Fraser Institute for the Economically Insane. In today’s edition, Neils Veldhuis and Milagros Palacios act as yang to my yin. Their pre-budget oped seems strangely distant from the… View Article

Budget reality check

Feb 11, 2009
The provincial government officially changed its no-deficits-no-matter-what tune this week with its proposed amendments to BC’s balanced budget legislation. Not too surprising. To reject the view of economists far and wide that red is the new black by insisting on a balanced budget at all costs would be political suicide, not to mention bad policy…. View Article