Clark Team Promises Balanced Budget
Tuesday, February 19, 2013 @ 3:44 AM
Victoria, B.C.- The Provincial Minister of Finance, Mike de Jong, will deliver his budget today, and there are promises it will be balanced.
The Canadian Federation of Independent Business will be pouring over the document in the lock up prior to de Jong rising in the Legislature, and the CFIB says it will be looking for three things:
1) A balanced budget2) No tax increases3) Spending restraint
“We’ll be looking to see that the B.C. Government has lived within its spending projections, and that it has a sustainable plan for managing spending going forward” says Mike Klassen, Director of the CFIB in B.C..
CFIB is the leading voice representing over 109,000 small- and medium-sized businesses in every sector across Canada, including 10,000 members in B.C.
Comments
Promises, promises, heard em all before.
What team is that? Me myself and Irene?
The Budget might be balanced, but the Provincial debt will still increase.
And that debt is no longer made up of ‘contingent liabilities’ as it was when WAC Bennett was in charge, but direct liabilities which have to be serviced from tax revenues.
And Liberal projections that it can be paid-off, or even paid down, through increased revenues from LNG are simply pie-in-the-sky. By the time any of those revenues arrive, if they ever do, the cost of everything will have increased, and that increase will absorb all those revenues and likely more.
Time for some Party, doesn’t matter which one, to do what WAC Bennett was able to do so successfully back in 1959, when the Provincial bond pile was burned, and the Province was direct debt-free. And STAYED direct debt free until after he left office.
That can’t be done again the way WAC Bennett did it ~ because that was then and this is now, and things have changed greatly in the interim. But there are certainly other ways it CAN be done if only it be realised what the figures in any Budget ACTUALLY mean. For they are merely ‘figures’, and to have ANY meaning whatsoever they have to accurately REFLECT ‘facts’. And we should start to ask, “Do they?”
At this point I’d prefer to believe a premier that fudged a document over ones that fudge budgets.
De Jong is delusional if he thinks the vast majority of BC residents believe a word he says about balanced budgets….
If the budget fails, the government could collapse and we may have early election. Christy is very nervous now and I read that she is even contacting the former Liberal MLAs who didn’t get nomination for next election by the BC Liberals and became independent.
With 2 BC Liberals on leave, we are talking of 2 more absentees or no votes in her camp.
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