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Government finance

Quarterly financial reports show tax cuts continue to bleed treasury, offer little economic gain

(Vancouver) The Canadian Centre for Policy Alternatives says the Finance Minister continues to adopt a Paul Martin approach to budgeting, low-balling his revenue estimates in order to garner praise later. "While he has revised the projected deficit for 2002/03 down slightly, we believe he continues to overstate the size of this year's deficit by about $1 billion," says Seth Klein, the Centre's BC Director. "The continued inclusion of a massive $750 million forecast allowance means the Finance Minister will surely beat his targets."

Balanced budget for BC -- but on a razor's edge

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British Columbia Budget 2000 Brief

Submitted to: The Honourable Paul Ramsey, Minister of Finance and Corporate Relations

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