Provincial budget & finance

BC budget moves in the right direction but too slowly to address pressing challenges like housing, climate, toxic drug supply and poverty

Feb 24, 2022
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With COVID centre stage for the past two years, Budget 2022 marked a shift back to normal. Yes, the budget earmarks $2 billion in contingencies for potential COVID needs, but this took up a mere half page of the main budget document. The budget narrative instead is framed around child care, climate change and investments… View Article

Why increasing government spending makes economic sense

Feb 14, 2022
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Author’s note: The latest BC government throne speech promised “to help solve big challenges – like inequality and climate change – with growth that is inclusive and sustainable.” CCPA-BC will closely analyze the upcoming BC Budget to determine whether the government’s intention is backed by the increased levels of public investment needed to meet the… View Article

BC Budget 2021: Stay-the-course budget misses the mark on key areas of urgency outside health

Apr 20, 2021
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The BC government tabled a surprisingly stay-the-course budget today, making some improvements on the margins but missing the opportunity to shift BC towards a more inclusive and sustainable economy. While it appropriately includes large sums of time-limited spending relating to the pandemic (and indeed BC has led other provinces on pandemic spending), it is scarce… View Article

Massive public investment, not austerity, is the answer

Aug 18, 2020
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A depression is still around the corner if the Canadian government does not continue to radically intervene in the economy. We have all encountered the dark outlines of the crisis facing us by now. Everywhere there are warnings of mass unemployment unseen in decades, already vulnerable workers—young, racialized, women—hit hardest, entire industries at risk, a… View Article

BC Budget Consultation Presentation June 2020

Jun 8, 2020
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The BC government is holding its annual public consultation on Budget 2021 this June, inviting British Columbians to share their priorities for government investment next year. BC Budget 2021 will have to tackle the impacts of the COVID-19 crisis—the full extent of which are still largely unknown. It is hard to predict where we as… View Article

Flatten the myth: Don’t fear government debt after COVID-19

May 11, 2020
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Myth: Government debt rising from the COVID-19 crisis is a big problem. Reality check: Large-scale public spending to support people and invest in long-term public goods is prudent not only on a human level, but also in economic terms. The size of government debt compared to our economy (our debt-to-GDP ratio) will rise substantially through… View Article

CCPA-BC signs Joint Statement for a Just Recovery

May 7, 2020
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Today the CCPA-BC added its support to a joint statement led by the Vancouver Just Recovery Coalition calling on the City of Vancouver to prioritize lessening existing inequalities, respecting Indigenous rights, and tackling the climate emergency in their COVID-19 recovery plans. Read the full statement below. You can endorse this statement here. Joint Statement for… View Article