The BC NDP provincial government should have enough runway to operate a sizable deficit in Thursday’s annual budget despite contrasting concerns of high interest rates from fiscal conservatives, says economist Marc Lee of the left-wing think tank Canadian Centre for Policy Alternatives.
Economists and analysts for the Fraser Institute, Independent Contractors and Businesses Association and Business Council of British Columbia have shared those broad concerns with Glacier Media this week, arguing the provincial government ought to show spending restraint amid a slowing economy increasingly steered by historic interest rate hikes eating into household spending.
But, said Lee, “in terms of overall debt, I don’t really see those red flags.”
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