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Eby defends debt as required to build for the future, improve infrastructure
Eby said the nearly $6-billion SkyTrain extension and other projects justify borrowing to create jobs and long-term growth.
- On Friday, British Columbia Premier David Eby defended the government's record $13.3 billion budget deficit, arguing that borrowing is necessary to fund essential infrastructure like the Surrey-Langley SkyTrain extension.
- Eby compared the government's borrowing to a family mortgage, stating debt is "an investment in your future that you will pay off over a lifetime," benefiting communities south of the Fraser River.
- The February budget forecast a $13.3 billion deficit and a current provincial debt of $183 billion, with projections estimating total debt will reach $235 billion by the 2028 fiscal year.
- Conservative jobs critic Gavin Dew stated Friday that the government's "inconsistent and incoherent" position has "shattered investor confidence," with critics warning the province "is going broke."
- Construction on the 16-kilometre Surrey-Langley SkyTrain extension continues across eight stations, with the project expected to be completed in 2029 despite four years of significant disruptions for residents along the Fraser Highway.
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The Toronto Star+6 Reposted by 6 other sources
Eby defends debt as required to build for the future, improve infrastructure
British Columbia Premier David Eby is defending his approach to the government's record budget deficit, comparing it to buying a home for a family's future.
·Toronto, Canada
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Eby defends debt as required to build for the future, improve infrastructure – Energeticcity.ca
British Columbia Premier David Eby is defending his approach to the government’s record budget deficit, comparing it to buying a home for a family’s future. The premier gave the stump-like speech on government spending at the site of the nearly $6-billion Surrey-Langley SkyTrain extension, which is expected to be completed in 2029. The government says eight stations along the 16-kilometre extension are now under construction. Eby says such inves…
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Total News Sources9
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
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