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Provincial Budgets
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Budget reality check
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…
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“B.C. played no role in precipitating this international crisis”? Bunk.
A week ago, BC Finance Minister Colin Hansen let the cat out of the bag: the province is going to run a deficit in this…
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About that unemployment rate
A couple days ago I was musing about big job losses on the horizon. Today, there is good news and bad news. The good news…
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Love Those Deficits
As noted by Vaughn Palmer in the Vancouver Sun, it seems that all the political parties will benefit from Premier Campbell’s recent conversion to deficit…
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Climate policy: contradiction #2
Speaking of BC climate policy contradictions that desperately need to be addressed (like I was doing here), wrap your head around this: our current policy…
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BC blinks on running a deficit
Now that the federal budget is over, I’ve been girding myself for the Feb 17 BC budget. My concern to date has been bold statements…
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Time to Pee on P3’s
Maybe it’s the Baja sun; perhaps it’s the tequila I’ve been forced to drink down here. But I just cannot understand the Vancouver Sun’s angst…
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The utter stupidity of P3s in BC
For the “we told you so” file. The BC government has been insisting on P3s (so-called “public-private partnerships” where the private sector builds and operates…
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Fiscal tipping points
Budget making is an art. An underlying reality of BC budgeting is that it takes very little to tip provincial finances from surplus to deficit…
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Breaking free of the “balanced budget” chains
As the next provincial budget is prepared (and election platforms are written), a core reality is this: we face huge economic uncertainty, which makes forecasting…
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