NDP throne speech says B.C. government will spend surplus as slowdown looms
VICTORIA — British Columbia’s New Democrat government says it plans to put this year’s projected budget surplus of almost $6 billion to work as an economic slowdown looms.
The government’s throne speech, read by Lt.-Gov. Janet Austin in the legislature today, outlines a political agenda for the coming months that includes a plan to support people amid rising costs now and in the long term.
But the speech says a global economic slowdown is forecast and B.C. likely won’t be in a budget surplus situation for long.
The speech rejects the idea that B.C. should respond to a looming downturn by cutting services when some people are still struggling after the COVID-19 pandemic.
