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Debt servicing is a development issue, not just a fiscal one. Our 🆕 report #WhoPaysThePrice shows rising debt servicing burdens disproportionately affect women. See why debt solutions must prioritize employment, human development and gender equality.

22,770 views • 3 months ago •via X (Twitter)

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In 2016, David Eby stood in the Legislature and thundered about debt. He accused the government of “racking up more debt faster than any government in B.C. history.” He mocked claims of economic strength. He framed it as a failure of integrity and responsibility. He told British Columbians they were being misled. At the time, B.C. had balanced budgets. Debt was roughly $65.2 billion. There were no $10-billion-plus operating deficits. There was no projected doubling of taxpayer-supported debt. The province was not adding $13.3 billion in red ink in a single year. Fast forward to 2026. Under Premier David Eby, British Columbia is projecting a $13.3 billion deficit next year. Taxpayer-supported debt is forecast to rise toward $189 billion over the fiscal plan. Debt-servicing costs are approaching $9 billion annually. Taxes are rising across multiple fronts. Long-term care projects are delayed. Housing starts are down. Population growth has stalled. In 2016, he attacked debt growth in a balanced-budget environment. In 2026, he presides over structural multi-billion-dollar deficits and calls it “disciplined.” In 2016, he said governments were telling people one thing while doing the opposite. In 2026, he promises fiscal responsibility while debt accelerates and the deficit jumps by billions before any promised decline. The standard he used to judge others now applies directly to him. If $79 billion in debt during balanced budgets was grounds for outrage, what is $189 billion in projected debt alongside persistent deficits?

Harman Bhangu

11,797 views • 5 months ago