British Columbia’s growing government debt remains hidden in the province’s capital budget—unnoticed by most taxpayers—and could pose serious fiscal challenges in the future, according to the new study, Capital Budgeting and Fiscal Sustainability in British Columbia by Jean-Francois Wen of the University of Calgary.
When the B.C. government says the 2014/15 budget is balanced, it’s referring to the operating budget, which attracts most of the attention. But the capital budget, where the province borrows large sums of money to pay for long-term infrastructure spending, is in deficit and is largely overlooked.
Read the study: http://bit.ly/1l2Ul7u