B.C. is in the black. Here’s how it should spend its money GlobeDebate
noted last spring, “The province generally outperforms its budget forecasts, and its debt ratios are often lower than what are projected at the time of the budgets.”
There is a broader rethinking of debt going on, among economists and voters alike. In this fall’s federal election, the Liberals, slayers of gargantuan deficits in the mid-1990s, proposed four more years in the red; the deficits are big enough to do important things, yet small enough to allow Ottawa’s low debt level to continue to decline.
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