While the next budget is months away BC’s Finance minister sees a glimmer of hope in the direction the provincial economy is taking.
When asked if the economy is improving enough to see some flexibility come next springs budget Kevin Falcon said.
“Well I think the good news coming out of public accounts that I reported out in July is that once again we outperformed in terms of where we were at in second quarter third quarter and I think that is something that the financial markets really appreciate.”
He says BC is on the right fiscal track.
“British Columbia has a record of outperforming budget targets every single year with the exception of one year in 2009 with the global economic meltdown and we want to keep that record of performance going we are on track to have a surplus budget next year and British Columbia with a triple A credit rating has one of the best financial records in the world and I am proud of that and I want to keep that going.”
The budget will be tabled right before the next provincial election but Falcon says voters shouldn’t expect any treats
“Well it will be important but you know we don’t have a lot of fiscal room for treats and so the truth is we are going to be campaigning responsibly as we should do.”
The budget will be tabled in February of next year.
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