Tag Archive: deficit

Assessing BC’s Fiscal Health: Can BC afford more deficits?

Apr 17, 2013
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By Seth Klein and Iglika Ivanova [Note: this piece has also appeared in the Tyee here.] OK, time for a reality check on BC’s deficits. Simply put, while arguments about deficits and “who is the better fiscal manager” may make for entertaining politics, there is no compelling economic reason why BC cannot run a few… View Article

Our priorities for BC Budget 2011

Sep 17, 2010
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On September 15, I presented CCPA-BC’s recommendations for BC Budget 2011 at the Vancouver BC Budget Consultation public hearing. Take a look at my presentation slides for a brief overview of our take on BC’s current budget situation and economic outlook, and our advice for leading the province’s recovery…. View Article

BC’s 2009 Super-Fudge-It Budget

Jul 12, 2010
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Under the “we told you so” category, I am filing the BC public accounts for 2009/10. The province closed the year with a deficit of $1.8 billion. As Will McMartin comments in The Tyee: … B.C.’s public accounts for the fiscal year 2009/2010 conclusively prove that the pre-election fiscal plan foisted on British Columbians by… View Article

The recent secretive, haphazard spending cuts should be repealed

Sep 23, 2009
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Almost daily we wake up to news of yet another important program or initiative whose funding has been cut by the BC government. Literacy initiatives, high school sports, programs that protect women and children from violence, arts and culture: hardly an area of social service provision has been spared. These cuts have been devastating to… View Article

What should our government be spending money on?

Sep 16, 2009
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One question that is missing from the public debate on deficits and debt is whether we’re getting the best bang for the stimulus buck. Even if we accept that it’s appropriate for governments to borrow and engage in deficit-financing during a recession, as I have argued here, we need to have a discussion about the… View Article

Should we be afraid of the government debt?

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Governments around the world are running large deficits in order to prop up their economies and dampen the hit of the global recession. For almost a year now, economists abandoned their usual anti-deficit arguments and seemed to agree that increasing government spending to stimulate the economy is the best way forward. We were all Keynesians… View Article