B.C.'s $13.8-Billion Deficit Meets a 'Grow the Economy' Pitch
British Columbia's projected deficit is $13.8 billion, and Doerkson says the Conservatives would trim it by growing the economy if they win the snap election set for Oct. 24. Those are the two halves of the argument, and they are not the same kind of promise. Growth is a means; a deficit is a subtraction. The gap narrows on its own only when revenue climbs faster than spending, and $13.8 billion is the figure that stays on the page either way.
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Growth and deficit-cutting get bundled because both sound like discipline. Only one of them is a number a government sets directly.
Reply
True, but a deficit is also a share of the economy. The same $13.8 billion is easier to carry in a larger province than a stagnant one.