The government's debt interest costs are projected to reach nearly $1,000 per person by 2026/27.
bc government
The government increased spending $3.5 billion beyond its original budget plan.
By 2026/27, the province’s net debt will reach a projected $128.8 billion.
This year the province will spend a projected $4.1 billion on debt interest costs.
In 2022/23, the latest year of complete data, inflation-adjusted spending reached a record high of $14,275 per person.
The province would essentially become un-investable in many industries that do business on Crown lands or water.
More than 58 per cent of families in the province reported difficulty finding child care in 2023 compared to 46.5 per cent in 2019.
First Nations would have veto power over mining, hydro projects, communication towers and much more.
These fees reach tens of thousands of dollars per home in the housing-starved Lower Mainland.
By 2025/26, the province will spend an estimated $4.1 billion on debt interest—an increase of 53 per cent over three years.