During the restraint period, per-person spending increased by $44 per year compared to $401 from 2016/17 to 2019/20.
british columbia finances
The province has the highest average level of tax on new investment of any large province.
The provincial budget forecasts a large increase in debt over the next few years relative to the size of the economy.
Payroll costs across the provincial government sector are poised to increase sharply.
The province expects net debt to increase by $31.2 billion over the next three fiscal years.
The provincial budget projected that net debt would grow to $48.9 billion in 2020/21.
Despite avoiding annual budget deficits, Premier Clark has allowed government debt to grow under her watch—by almost $7 billion.