NDP government paints rosy economic picture as public accounts show $1.5B surplus
Mornings with Simi
English - July 19, 2019 18:10 - 14 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The B.C. government is painting a rosy picture of the province’s finances.
Finance Minister Carole James unveiled the province’s public accounts and audited financial statements for the 2018/2019 fiscal year yesterday, presenting a surplus of $1.5-billion, which was larger than expected.
Economic growth, household growth and income tax returns, all performed more strongly than had been planned.
James said B.C. had eliminated operating debt for the first time in four decades, while maintaining the country’s lowest unemployment rate (4.7 per cent) and nation-leading wage growth (5.9 per cent).
She also touted B.C.’s 14.5 per cent taxpayer-supported debt-to-GDP ratio, the third lowest in Canada.
Guest: Kevin Milligan
Professor of Economics at UBC
Has advised the department of finance on tax measures in the past
The B.C. government is painting a rosy picture of the province’s finances.
Finance Minister Carole James unveiled the province’s public accounts and audited financial statements for the 2018/2019 fiscal year yesterday, presenting a surplus of $1.5-billion, which was larger than expected.
Economic growth, household growth and income tax returns, all performed more strongly than had been planned.
James said B.C. had eliminated operating debt for the first time in four decades, while maintaining the country’s lowest unemployment rate (4.7 per cent) and nation-leading wage growth (5.9 per cent).
She also touted B.C.’s 14.5 per cent taxpayer-supported debt-to-GDP ratio, the third lowest in Canada.
Guest: Kevin Milligan
Professor of Economics at UBC
Has advised the department of finance on tax measures in the past