As we await another David Eby budget this week, ICBA’s Jock Finlayson and Business Council of British Columbia’s Ken Peacock are sounding the alarm 🚨 on B.C.’s debt levels 💸.
“While B.C.’s fiscal situation and debt loads are still manageable, the combination of successive operating deficits, hefty borrowing to pay for capital spending and higher interest rates threaten to push debt-servicing costs significantly higher and further constrain funding for services… We would not be surprised to see the province’s credit-rating downgraded before the end of the year.”
Full piece in Business in Vancouver at https://www.biv.com/news/commentary/bc-risks-credit-downgrade-if-budget-doesnt-seek-balance-8328326
