Over the next three years, net debt is expected to grow almost 25 per cent.
After just one full year in power, it seems British Columbians may be seeing history repeat itself with a return to the big spending NDP government of the 1990s.
The B.C. government wants to raise the province’s minimum wage from $11.35 to $15.20 by 2021.
Overall, the NDP added $4.4 billion in new spending over three years.
The budget creates a new, higher top personal income tax rate of 16.8 per cent.
Rhetoric from the campaign trail stressed increased spending and higher taxes.
Policy uncertainty can drive down business investment by between six and 10.5 per cent.
The NDP-Green agreement calls for a 67 per cent increase in B.C.’s carbon tax.