US EditionPremier Eby defends budget after credit drop, but opposition says B.C. is going broke
- Moody's has downgraded British Columbia's credit rating from Aa2 to Aa1 due to large structural deficits and expects deficits to persist for the next three years.
- Premier David Eby defended the budget decision, stating the government chose to prioritize services for British Columbians over making cuts to meet a credit rating amidst rising health care and infrastructure costs.
- The current budget projects a record deficit of $13.3 billion, with increased spending in health care and infrastructure contributing to financial challenges.
28 Articles
28 Articles
The credit rating agency Moody's lowered British Columbia's long-term credit rating from Aa1 to Aa2, due in part to its growing debt.
The Toronto Star
Premier Eby defends budget after credit drop, but opposition says B.C. is going broke
VICTORIA - British Columbia's credit rating has been downgraded, but Premier David Eby says government made a "very clear choice" between making cuts to "meet a credit rating" and "prioritizing
Premier Eby defends budget after credit drop, but Opposition says B.C. is going broke – Energeticcity.ca
VICTORIA — British Columbia’s credit rating has been downgraded, but Premier David Eby said government made a “very clear choice” between making cuts to “meet a credit rating” and “prioritizing British Columbians.” “We have to meet people where they’re at,” Eby said at an unrelated event in Metro Vancouver. “They are sicker, and they stay in hospital longer. We need to ensure high-quality health-care services and services for British Columbians …
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