Deficit will be detrimental: Bond
PRINCE GEORGE – Finance Minister Katrine Conroy gave her audited financials last week, and the Province is looking at an operating deficit of five billion dollars.
“Five billion dollars is only looking at those year’s expenses, government compensation program spending on health care. It’s not looking at longer-term capital spending. So the deficit looks pretty bad. The actual state of finances are even worse, says Tegan Hill, Economic Policy Director with the Fraser Institute.