NEW - BC’s deficit projection has jumped from $10.9b this year to $11.6b. The only saving grace is a $2.8b hit to revenue from eliminating the carbon tax was offset by a $2.7b legal settlement with tobacco companies. BC debt is expected to skyrocket from $155b to $212b in 3yrs.

Sep 15, 2025 · 5:34 PM UTC

BC's deficit over 3 years is now projected to be an eye-watering $36.5b. Meanwhile, gov says it is on track to find $1.5b in "efficiencies" during that time.
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Replying to @RobShaw_BC
No surprise here. Life will get crappier every year. Buckle up and invest in the US stock market (or elsewhere). It's almost the ONLY way to survive in Canada.
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Replying to @RobShaw_BC
Stop giving First Nations so much free stuff.
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Replying to @RobShaw_BC
Rob, when we talk about billions of dollars, it's hard for most people to grasp what that really means. Let me break this down to a personal level using data from BC's 2025 Budget. Looking at the numbers per person in BC: as of 2023/24, each British Columbian's share of government debt now exceeds their share of government assets. This means BC has reached a critical financial turning point - we now owe more than we own. This trajectory puts BC on a path toward spending cuts and austerity measures. It's worth noting that Finance Minister @BrendaBaileyBC's background is in political science and social work, not economics or finance. This suggests that Minister Bailey is simply rubber-stamping what the decades old bureaucracy and perpetually retained consultants present to her. She has no say in the budget. The BC NDP has lost control of the bureaucracy, now the bureaucracy controls the NDP. @brett_oland @Dave_Eby @Dallas_Brodie @TaraArmstrongBC
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Replying to @RobShaw_BC
We can’t afford to let this happen
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Replying to @RobShaw_BC
Hi Rob, the debt could be good if it is matched by growth, but if the debt is growing faster then GDP, its a very bad sign.
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Replying to @RobShaw_BC
Okay, but has anything in BC changed or gotten better as a result of the spending? Better services? Cheaper anything? Anything to actually show for the debt?
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Replying to @RobShaw_BC
> BC debt is expected to skyrocket from $155b to $212b in 3yrs. WERE SO BACK
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Replying to @RobShaw_BC
Elections have consequences part one million
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Replying to @RobShaw_BC
Rigged elections have consequences and it looks like it might be for generations.
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Replying to @RobShaw_BC
But that $2.7B payment is spread out over a few years. So the deficit IS actually higher.
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Replying to @RobShaw_BC
How much are they actually hiding if they say it’s 11.6 that’s probably closer to 15 to 17,000,000,000 We’ve already seen the logic with the layoff of government. Workers win far more been higher than ever laid off. NDP magical math doesn’t work
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Replying to @RobShaw_BC
Wow, that will be about $32,000 worth of debt per person.
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Replying to @RobShaw_BC
So much for the NDP's fig leaf of financial responsibility...
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Replying to @RobShaw_BC
Not a single dollar was used to stop people from smoking was it though? Just sayin'
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Replying to @RobShaw_BC
Would you expect anything less from a liberal/ndp government ..
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Replying to @RobShaw_BC
The avg person in BC thinks money is fake and debt doesn’t matter 😂 not sure what else is expected
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Replying to @RobShaw_BC
Severe cuts coming to govt programs shortly
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Replying to @RobShaw_BC
BC needs to buy Bitcoin, in a hurry.
Replying to @RobShaw_BC
Obviously eliminating the carbon tax and credit was a huge mistake. Sad they caved to divisive misinformation from conservatives and the oil industry.
Replying to @RobShaw_BC
So…. How long till the bond market tells us to pound sand?
Replying to @RobShaw_BC
Funny that when the resource sector has been constantly attacked and high-performers vilified and taxed to the exit door
Replying to @RobShaw_BC
but @Dave_Eby always has such a concerned look on his face, that alone must account for something
Replying to @RobShaw_BC
And life in BC has not gotten any better.
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Replying to @RobShaw_BC
Thanks to the socialist republic of NDP and David Eby for f**king up a perfectly running province. NDP and its policies have no space in Canadian politics. Liberals is as far left we can afford to go.
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Replying to @RobShaw_BC
The deficit is one thing. The real risk is assuming markets will keep financing bad policy without raising the cost of capital. That’s not how this usually ends.
Replying to @RobShaw_BC
Don't the BC people vote for NDP?
Replying to @RobShaw_BC
I don’t think the tobacco settlement is a lump sum payment - it’s payed out over a number of years. The NDP are deliberately fudging the numbers.