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3 facts you need to know
About ministerial salary holdback
By Bill Bennett
Kootenay East MLA
1. In 2001 the BC Liberal Government introduced the Balanced Budget and Ministerial Accountability Act, by which provincial ministers are held responsible for their respective budget through a hold back of their salary.
2. If a Minister is unable to achieve a balanced or surplus budget for their ministry, they only receive 90% of their full pay, if the government as a whole is unable to achieve a balanced budget another 10% is deducted and ministers only receive 80% of their total pay.
3. As a result the BC Liberal Government has maintained a record of fiscal discipline and in this year’s Public Accounts were able to confirm a surplus budget of $353 million. For the first time since the 2008 Financial Crisis ministers are able to collect their full pay, because of the discipline they’ve exercised.
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