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 Posté le: Lun Sep 30, 2013 4:47 pm Sujet du message: BC Liberals claim progress on debt reduction |
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{BC Liberals claim progress on debt reduction}
Finance Minister Michael de JongBy Jen St. DenisWed Jul 24,[url=http://www.moncler-sale.org]moncler outlet[/url], 2013 10:00am PSTThe BC Liberals say they have chopped spending and made strides in reducing the provincial debt.The provincial government has cut spending by $668 million since the middle of 2012,[url=http://www.moncler-sale.org]discount moncler jackets[/url], Finance Minister Mike de Jong announced July 23 with the release of the 2012-13 Public Accounts.The total provincial debt grew by $5.6 billion to $55.8 billion,[url=http://www.moncler-sale.org]moncler on sale[/url],[url=http://www.moncler-sale.org]moncler down jackets[/url],[url=http://www.moncler-sale.org]moncler sale[/url], the result of investments in capital infrastructure projects, according to the Ministry of Finance.Expected government revenues from oil and gas and mining came up short in 2012, leading to a $1.1 billion shortfall. The government brought in tight spending controls to counter the loss.The B.C. government reported that this year, total spending on health,[url=http://www.moncler-sale.org]moncler sale[/url], education and social services increased by 2.6% compared to 2011-12.The NDP maintained that government debt is actually much higher than stated by the government."The government has locked British Columbian taxpayers into nearly $100 billion in contractual obligations,[url=http://www.moncler-sale.org]moncler outlet[/url], many of which we know very little about,[url=http://www.moncler-sale.org]moncler on sale[/url]," said NDP finance critic Mike Farnworth."British Columbians deserve to know how the government came to rack up a hidden debt that eclipses the official provincial debt,[url=http://www.moncler-sale.org]discount moncler jackets[/url], and what it plans to do to fix this."B.C. currently has a triple-A credit rating with Standard & Poor's and Moody's. Dominion Bond Rating Service has given B.C. a double-A rating.jstdenis@biv.com@jenstdenTags: Mike de Jong, Mike Farnworth,[url=http://www.moncler-sale.org]moncler down jackets[/url], Dominion Bond Rating Service, government debt
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