To hear the BC politicians tell it , describe it , they are real debt slayers . In this so called buoyant economy , increased revenues based to a large extent on the real estate taxes , not industry , this Province brags a lot.
But their own figures from the budget in February to the update today tells a far more modest story .
The Government does a three year budget : 2016/17, 2017/18 and 20018/19.
In February the net debt on page 31 of the fiscal plan was for the three years:
$67,690 ,000,000 billion , $69, 886 , 000,000 billion and $71, 891 ,000,000 billion .
Today this great debt slayer provides the new numbers :
$66,518,000,000, $68,946,000,000 and $ 71,861,000,000.
If this is what the Government can do with the best economy in Canada , with $2.5 billion more revenue than predicted in February , what will the debt look like when times are not so good?