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

Commute in Nanaimo slowed as SUV goes up onto highway barrier, gets stuck

Accident happened at 5 p.m. on old Island Highway and Highland Boulevard

Seven years later, Nanaimo’s animal trapping bylaw still isn’t approved

Animal trapping bylaw requires provincial approval before it can be adopted

Juno-nominated Nanaimo teen Lauren Spencer-Smith to appear on ‘American Idol’

Singer up for Adult Contemporary Album of the Year for ‘Unplugged, Vol. 1’

Nanaimo Clippers goalie chosen his team’s MVP

Jordan Naylor and teammates honoured at hockey club’s year-end award banquet

New minister leading services at St. Andrew’s in Nanaimo

Rev. Greg Darjes returned this month to the church in the Old City Quarter after 18 years elsewhere

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

Toffoli scores OT winner as Canucks beat Habs 4-3

Demko makes 37 saves for Vancouver

Private clinics would harm ‘ordinary’ people using public system in B.C.: lawyer

Health Minister Adrian Dix announced in 2018 that the government would begin to fine doctors $10,000

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

Child in hospital following fatal crash that killed father, sibling on B.C. highway

The single vehicle crash occured near Kamloops on Highway 5A

‘Die!’: Vernon councillor mailed death threat

This story contains information that might be sensitive to some readers

Hidden message connects Castlegar homeowners decades apart

The Rodgers family was surprised when a message fell out of the walls as they were renovating

Two B.C. men plead guilty to bus-terminal assault of man with autism in Ontario

Parmvir Chahil and Jaspaul Uppal due to be sentenced in June for aggravated assault

Most Read