Former B.C. Official Warns of Debt

This is a B.C. news story, published by vancouversun, that relates primarily to Enemark news.

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provincial budget

vancouversun

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Former treasury insider on how B.C. can get back to a balanced budget

Summary

Nutrition label

70% Informative

Gord Enemark spent 12 years as the executive director of treasury board staff.

Enemark says the province is not yet in a crisis, despite running a $9.4 billion deficit this year .

He says if the trend continues, it could lead to a significant increase in the amount B.C. spends each year on servicing its debt.

The bigger problem, believes Enemark , is the wage increases given to public sector unions.

Conservative finance critic Peter Milobar says he hopes to the province will take a hard look at how it finances public-sector development this year and recognize that the solution in areas such as the health-care system is not simply to provide more money. He worries continued deficit spending could lead to investors deciding B.C. is too much of a risk. “All signs point to a massive amount of red ink in this next budget, if they don’t show some semblance of fiscal responsibility,” said Milobar . [email protected].

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful