Big mean debt machine

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.

Include BC Ferries debt (to 2015)

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

Sources:

• BC Budgets 2010-2016
• BC Ferries Annual Reports
• 2015 British Columbia Financial and Economic Review