VANCOUVER (September 10, 2019) – MLAs Shirley Bond and Tracy Redies, BC Liberal Finance Co-Critics, are sounding the alarm after today’s Q1 numbers show in just over two years, John Horgan has taken B.C. from an economic powerhouse to a province teetering on the edge of deficit.
“The housing market is showing real signs of stress and the NDP has lost over $800 million in Property Transfer Tax revenue that could have gone towards helping forestry workers or eliminating school portables in Surrey as promised,” said Tracy Redies, MLA for Surrey-White Rock. “On top of his 19 new or increased taxes, John Horgan’s lack of a plan to grow the economy is already having negative impacts. GDP growth is now predicted to be 1.7 per cent versus 2.4 per cent after only one quarter. British Columbians can’t afford more of John Horgan.”
Figures released last week show B.C. has lost almost 17,000 jobs over the past three months. Meanwhile, the NDP are continuing to spend at a breakneck speed with expenses up even though revenues are coming down. Continuing this pattern will lead B.C. to a deficit.
“No one should be surprised that British Columbians are paying the price for NDP fiscal policy. It took years to rebuild the damage from the last time they were in government and in fact they inherited the leading economy and job creation record in the country,” added Shirley Bond, MLA for Prince George-Valemount. “Once again we see a government with a tax and spend approach who continue to ignore the economic risks that our province is facing. British Columbians deserve better.”
John Horgan’s economic failures: