Premier Christy Clark listens as Finance Minister Mike de Jong presents the 2014-15 budget last February. The expected surplus has grown to more than $400 million since then.

Surplus to pay off ‘credit cards,’ Clark says

Premier Christy Clark and Finance Minister Mike de Jong don't see much room for new spending as B.C. budget strengthens

VICTORIA – Premier Christy Clark and her ministers are fending off calls to increase spending on pressing social priorities as the financial picture brightens for the B.C. government.

With the bills tallied for the first half of the fiscal year, the province is forecasting a surplus of $444 million by next spring, about twice as much as was projected in last February’s budget. Finance Minister Mike de Jong said the improvement was helped by a strengthening U.S. economy, despite commodity slumps that have produced declining lumber and coal revenues.

Both de Jong and Clark said their highest priority is to repay about $5 billion in debt accumulated during a string of deficits before the budget was balanced in 2013.

“Like any family that’s been through tough times, the first thing you need to do when you get back to finding a job and making an income again, is to pay off your credit cards,” Clark said in an interview. “We’re going to pay off these credit cards that got charged up after 2008 pretty heavily.”

NDP children and family critic Carole James said the government has achieved surpluses with the help of increases to medical premiums, ferry fares, BC Hydro rate increases and other charges, and it’s time to put some back to the people who need it. Her party has been pressing for removal of a clawback of child support payments from social assistance and disability recipients, an estimated annual cost of $17 million.

“It’s not simply people who are the recipients of child maintenance dollars, but in fact all British Columbians see how unfair it is that that money is clawed back from children,” James said.

Another priority is to increase post-secondary education funds, which are looking at one of a series of budget cuts next year despite the government’s high-profile jobs plan, James said.

Jobs Minister Shirley Bond, meanwhile, turned away calls from retiring B.C. Federation of Labour president Jim Sinclair to raise the minimum wage to $15 an hour.

After a series of increases brought the B.C. minimum up to $10.25 by 2012, Bond said the issue is being monitored, along with factors like youth unemployment and inflation.

“You’re certainly not going to see us move to $15 an hour in the short term,” she said.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sooke runners place well in Cobble Hill 10K

Robert Butterworth placed first in men’s 80-84 division

Journey Middle School students try out the trades

Program is designed to expose students to career options

Camosun student shares story of overcoming struggles to inspire others

Provincial Tuition Waiver Program helps former youths in care attend post-secondary institutions

Officials reaching out to those in contact with Canada’s first coronavirus patient

The illness has sickened at least 1,975 people and killed 56 in China

Canada’s basketball community mourns Kobe Bryant after helicopter crash

Bryant was an 18-time NBA all-star who won five championships

‘Devastated’: Fans, celebrities remember Kobe Bryant after his death

Bryant played all of his 20-year career with the NBA with the Los Angeles Lakers

Investigation launched after six dead puppies dumped in Richmond hotel parking lot

RAPS reminds people they can always give up puppies they can’t take care of

Canadian Lunar New Year celebrations dampened by coronavirus worries

But Health Minister Patty Hajdu said today that the risk of infection is low

B.C. VIEWS: New coronavirus outbreak an important reminder

Walking the line between cautious and alarmist

Kobe Bryant, daughter killed in California helicopter crash

Bryant entered the NBA draft straight out of high school in 1996

Risk of coronavirus low in B.C. as first case emerges in Toronto: officials

There have been no confirmed cases of the virus in B.C.

Most Read