When former B.C. NDP premier John Horgan first formed his government in 2017, one of his first appointments was naming trusted friend and one-time party leader, Carole James, as his finance minister.
So under Mr. Horgan’s NDP government, the priority became sound fiscal management. Balanced budgets became a priority. The party’s first budget in 2018 delivered a $1.5-billion surplus. Maintaining the high credit ratings inherited from the B.C. Liberals was important. In fact, the NDP went even further, using surplus funds to retire the remaining direct operating debt of the province.But that was then and this is now.
The economist says that what is happening in B.C. is shocking, given that it wasn’t that long ago that the B.C. NDP was being hailed for its fiscal conservatism.
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