Finance Minister Defends Budget

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Science

B.C. finance minister keeps dodging questions about fudge-it budget

Summary

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B.C. finance minister defends government's failure to update its budget to incorporate impact of carbon tax repeal.

Brenda Bailey says the New Democrats repealed the consumer carbon tax on March 31 .

The immediate impact was a $3 billion reduction in revenues this year and a further $7 billion over the next two years , $10 billion in all.

Moody’s downgraded the province from Aaa to Aa1 on April 2 , downgrading its credit rating.

“Decisions on specific programs have not been made at this time,” she said. “Changes to forecasted revenue, expenditures and debt that arise after the budget is tabled are addressed in quarterly reports.” The next such report is due Sept. 15, one year since an electioneering Premier David Eby announced the carbon tax was on the way out. Having met the minimal test in legislation as she sees it, the finance minister has no intention of disclosing anything else until her next billion-dollar moment in time comes around. vpalmer@postmedia.com.

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Neutral language

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informal

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English

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not offensive

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not hateful