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B.C. economists spar about what about the federal budget means for B.C.

BCBC’s David Williams laments ‘lack of fiscal discipline’ while CCPA’ Marc Lee calls it ‘decent’
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The federal budget tabled by the government of Prime Minister Justin Trudeau, here seen Friday (April 19) at the University of Victoria, is getting a thumbs-down from the Business Council of British Columbia because of its lacking fiscal discipline and other effects on B.C. The B.C. Office of Canadian Centre for Policy Alternatives calls the budget “decent” but notes that it won’t have an effect for years, if at all. (Mark Page/Black Press Media)

B.C. economists disagree about the effects of the federal budget on Canada’s westernmost province.

David Williams, vice-president of policy with the Business Council of British Columbia, questioned the federal budget’s “lack of fiscal discipline” with Canada set to run deficits of around $40 billion each year for the next three years. “These deficits mean that households and businesses are going to face higher inflation and interest rates than they otherwise would,” Williams said.

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Wolf Depner

About the Author: Wolf Depner

I joined the national team with Black Press Media in 2023 from the Peninsula News Review, where I had reported on Vancouver Island's Saanich Peninsula since 2019.
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