NDP Government posts budget surplus.

NDP Government posts budget surplus.

Posted on July 21, 2019 at 9:40 am by Bill Roberts
BC, Community, Kamloops-North Thompson, Kamloops-South Thompson, Provincial


Finance Minister Carole James unveiled the province’s public accounts and audited financial statements for the 2018/2019 fiscal year Thursday, presenting a larger-than expected $1.5-billion surplus, built on higher-than-expected economic growth, household growth and income tax returns

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).  B.C.’s 14.5 per cent taxpayer-supported debt-to-GDP ratio is the third lowest in Canada.

James said her government had used the better-than-expected returns to invest in child care, healthcare and the elimination of MSP premiums.