Deficits show Eby government is mismanaging the books

Author: Carson Binda 2023/02/28

VICTORIA, B.C.: The Canadian Taxpayers Federation is criticizing the provincial government’s 2023 budget for turning a big surplus into years of deficits.

“The government is mismanaging provincial finances with big deficits and no plan to balance the budget,” said Carson Binda, B.C. Director of the CTF. “The budget shows Premier David Eby wants to run a credit card government.”

Despite ending 2022 with a $3.6-billion forecasted surplus, the budget is projecting a $4.2-billion deficit in 2023.

The debt is expected to reach almost $108 billion by the end of this year. Debt interest charges will cost taxpayers $3.3 billion this year.

“Interest charges on the government credit card will cost British Columbians more than $3 billion this year,” said Binda. “That’s billions of dollars that can’t be used to hire more nurses or lower taxes because it’s going to the bond fund managers on Bay Street.

“Taxpayers deserve a balanced budget so we can reduce the debt on future generations, waste less money on interest charges and avoid future tax hikes.”

A Note for our Readers:

As you may know, we're working hard to stop Prime Minister Trudeau's attempt to add a 2nd carbon tax upon Canadian taxpayers. If you are against this tax, would you take a moment today to read and consider signing the petition below?

When you do, your name will be added to the growing list of tens of thousands across our country who want to tell the government that we are opposed to these new taxes. Please take a moment to read the petition below and consider signing it today.

To Prime Minister Justin Trudeau:

The federal government is introducing new fuel standard regulations to require industry to reduce the carbon content of fossil fuels. If industry can’t meet the standard, they’ll have to pay Trudeau's second carbon tax. This tax will ultimately hit already struggling families and businesses.

It’s bad enough that taxpayers are already paying for one carbon tax. Canadians certainly can’t afford a second carbon tax.

We, the undersigned, call on Prime Minister Justin Trudeau to scrap plans for a second carbon tax.

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