While the deficit may have shrunk, the debt in the last BC budget grew. Confused? Me too.

This was inspired by Vaughn Palmer’s column on this seeming contradiction, which explained it to me, although I’m still not convinced it’s good governance.

BC Budget Debt 2006/07 - 2018/19

UPDATE 24/02/16: With help from Vaughn Palmer himself, here’s data going back farther:

BC Budget Debt 1969/70 - 2014/15

BC Debt to GDP Ratios 1969/70 - 2014/15