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3 facts you need to know
About the higher than forecast surplus
By Bill Bennett
Kootenay East MLA
1. The Finance Minister has announced that B.C. ended the 2014-15 fiscal year with a $1.68 billion surplus – $1.5 billion higher than what was originally forecast. B.C. also recorded a better-than-forecasted debt-to-GDP ratio along with reduced operating debt.
2. This helped us manage our debt and helped repay money we had to borrow to pay for services during the past global economic crisis in 2008.
3. The three major credit rating agencies have all affirmed their highest credit ratings for B.C. A stark change from the bad fiscal management of the NDP. Our government promised taxpayers that we will respect the money they give us and we will continue to do so.
This message funded by Bill Bennett
