Business

B.C. Chamber backs budget

Chambers of Commerce from across the province are supporting the provincial government’s most recent budget.

“What the budget makes clear is that the strengthening provincial finances are a direct result of renewed confidence and investment from the public sector,” said John Winter, the president and CEO of the B.C. Chamber of Commerce.

“This is an important message for all parties as they go through their respective leadership races.

“While there is significant flexibility for the new premier, this flexibility should not be used to threaten a return to balanced budgets or the private sector confidence that is driving our recovery.

The budget was released on Tuesday and it delivers a $500 million reduction for 2011, combined with a reduction in the debt-to-GDP (gross domestic product) ratio. It also offers a very cautious approach to economic growth.

“Our members will welcome the combination of controlled spending and increased revenue that sees BC well on track to return to balanced budgets by 2013/14,” continued Winter.  “Our members have been clear, governments number one priority must be to return to balanced budgets as quickly as possible.”

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