Finance Minister Katrine Conroy is pushing British Columbia deeper and deeper into unsustainable debt, with high taxes and no plans to balance the budget.
The interest on the B.C.’s government debt is more money than the government collects in the carbon and motor fuels tax combined. And interest payments are so high compared with the spending in most ministries that B.C.’s Ministry of Debt Interest is now the fourth-largest ministry in government. The province’s debt-to-revenue ratio is also set to soar from 95.1 per cent in 2023-24 to a staggering 151.2 per cent by 2026-27.
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