The agenda-setting speech explicitly stated that the $5.7 billion surplus reported last November is a one-off.
Premier David Eby is painting a pessimistic economic forecast and assorted ongoing challenges in the starkest possible terms in order to justify spending as much of B.C.’s current surplus as possible as the election season approaches.
The government’s news release about the speech referred to “the likely economic storm” that’s expected. The speech itself, while not using that phrase, acknowledged a host of problems facing people that still need to be addressed. The speech said the government “will put this year’s surplus to work for people — to support them now and for the long term.”
It cited child-care investments, careful pandemic management and the highest supports for business in Canada as contributors to the surplus. The surplus amounts to a fluke that Eby is using to go all-in on appealing programs for “people who work hard and play by the rules.” Falcon said the NDP is being irresponsible by trying to spend more than $5 billion by March 31. “You can see that by the announcements they made that have no detail and that have not been very well thought out.
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