Eby's Decline in Provincial Finances
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total provincial debtvancouversun
•Sports
Sports
David Eby squandered the favourable financial position he inherited from John Horgan
68% Informative
David Eby has presided over an astonishing decline in B.C. finances since becoming premier in late 2022 .
Eby 's government overshot the target by 20 per cent , closing the books on 2023-24 with a $5-billion deficit.
New Democrats promised to boost the provincial debt by 43 per cent in Horgan ’s last year .
Debt is now scheduled to grow to $209 billion .
Interest payments, already $3 billion a year under Horgan , are scheduled to climb past $7 billion under Eby .
The latter is greater than the budget for every ministry, save health and education.
As premier, Horgan presented five budgets and closed books on a sixth.
Four were surpluses, only two were in deficit, and one was during the pandemic.
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Informative language
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English
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