BC Budget Reality Check 2009
BC Budget must do heavy lifting on jobs, protecting vulnerable in coming recession
(Vancouver) Next week’s provincial budget should assume BC will be in a recession in 2009 and perhaps longer – and include an aggressive stimulus plan capable of reducing the length and severity of the downturn. That’s the central recommendation in BC Budget Reality Check 2009: Planning for a Recession, released today by the Canadian Centre for Policy Alternatives.
“With grim economic numbers piling up, the danger is in the government doing too little,” says Marc Lee, CCPA senior economist. “All major economic indicators are pointing in the wrong direction.