The Eby administration in BC is under fire as the Canadian Taxpayers Federation urges immediate action to curb spending after S&P's downgrade of the province’s credit rating from AA to AA-minus.“This government’s abysmal fiscal management has led to another round of credit rating downgrades," said Carson Binda, BC director of the Canadian Taxpayers Federation (CTF). "Massive deficits and a steep increase in provincial debt are threatening the sustainability of our province.""Premier David Eby needs to start making responsible financial choices for British Columbians.”This marks BC’s second credit rating downgrade since Eby took office. Last year, S&P downgraded BC’s credit rating from AA+ to AA.With each downgrade, the province faces higher borrowing costs. Taxpayers are expected to shoulder a staggering $14.6 billion in interest charges on the provincial debt over the next three years.Driven by substantial deficit spending, the BC government aims to push the provincial debt to $123.3 billion by year-end. The current budget records the largest deficit in BC history at $7.9 billion. In contrast, in 2017, when the NDP took power, provincial debt stood at $69.8 billion.“A drop in our credit rating means that taxpayers will be on the hook for even more money every time Eby borrows,” said Binda. “Eby and Finance Minister Katrine Conroy need to start being responsible with taxpayers’ money.”.This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
The Eby administration in BC is under fire as the Canadian Taxpayers Federation urges immediate action to curb spending after S&P's downgrade of the province’s credit rating from AA to AA-minus.“This government’s abysmal fiscal management has led to another round of credit rating downgrades," said Carson Binda, BC director of the Canadian Taxpayers Federation (CTF). "Massive deficits and a steep increase in provincial debt are threatening the sustainability of our province.""Premier David Eby needs to start making responsible financial choices for British Columbians.”This marks BC’s second credit rating downgrade since Eby took office. Last year, S&P downgraded BC’s credit rating from AA+ to AA.With each downgrade, the province faces higher borrowing costs. Taxpayers are expected to shoulder a staggering $14.6 billion in interest charges on the provincial debt over the next three years.Driven by substantial deficit spending, the BC government aims to push the provincial debt to $123.3 billion by year-end. The current budget records the largest deficit in BC history at $7.9 billion. In contrast, in 2017, when the NDP took power, provincial debt stood at $69.8 billion.“A drop in our credit rating means that taxpayers will be on the hook for even more money every time Eby borrows,” said Binda. “Eby and Finance Minister Katrine Conroy need to start being responsible with taxpayers’ money.”.This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.