Die Provinzen rechnen mit Rekorddefiziten. Was führt dazu, dass die Budgets rote Zahlen schreiben?
Provinces are bracing for record deficits. What’s causing budgets to see red?
Die Provinzen rechnen mit Rekorddefiziten. Was führt dazu, dass die Budgets rote Zahlen schreiben?
Provinces are bracing for record deficits. What’s causing budgets to see red?
26 Kommentare
>On Tuesday, British Columbia unveiled their [budget](https://globalnews.ca/tag/budget) that comes with a [record $13.3 billion deficit](https://globalnews.ca/news/11672280/bc-budget-tax-hike/) in the next fiscal year.
>In recent fiscal updates, New Brunswick announced a [record-breaking $1.33 billion](https://globalnews.ca/news/11670629/new-brunswick-deficit-1-3-billion/) shortfall and Nova Scotia last month said its deficit is estimated at $1.4 billion. Alberta is also forecasting a $6.4 billion shortfall for the 2025/26 fiscal year…
>…“When we hit a challenging time like we are faced with today where the expectations of government are high, the revenues aren’t necessarily there to support and meet those expectations,” he said.
Incompetence.
My company sells software to the government. The government could develop this software, hire the employees, give them better pensions, and then sell it to other provinces and countries.
They’d rather spend collectively hundreds of millions for something that could be millions…
Where do our taxes go? We need a clear and transparent web app to see what crooked politicians do with our money.
Subsidizing Non-Canadians.
Incompetence, when governments make promises they can’t afford to retain power and low IQ voters fall for it regardless of the consequences. In the end it will cost us all because higher taxes and lower service levels are the only answers.
A growing expense that was not mentioned is the generation borne 1946-1964 (when I typed in the common term for this demographic I got a warning about using hate language!) aging into senior citizens. The number of Canadians remains approximately the same, but as the large bulge in our demographic pipeline turns 70 and then 80, there are a LOT more prone to developing serious illnesses that will stay with them the rest of their lives. And treating those illnesses costs big money.
Layers and layers of bureaucratic managers. Health authorities are the worst. Spend the budget on doctors, nurses, and carer…., not managers.
A big part is people with pretend jobs hiring pretend staff, to make a spreadsheet and PowerPoint to present to other people with pretend jobs at some pretend important meeting at some fancy office that hosts nothing but pretend people pretending to have a job.
If you don’t physically make something or perform a service using something, your job is just an algorithm being done manually instead of with a computer. This would account for a large number of white collar jobs.
Revenues are down and the voting public will not accept major cuts to service nor increase to taxes. This is not bad planning, it’s bad messaging. We’re trying to do more with less and that’s simply not possible.
This has been decades in the making going back to the signing of NAFTA and the race to the bottom of corporate tax rate cuts. Then you also have all levels of government selling off all sorts of services then paying much higher rates than it was originally costing them to do it in house. Finally, you get the enshittification of the remaining government services to justify eventually selling them off.
Excessive bloating and redundancies of the whole structure of the public service protected by the unions.
BCNDP thought they could run an economy based public sector jobs, spending ungodly amount of money on BC Housing, and prioritizing land acknowledgements and changing street names.
Too bad they should’ve focused on the economy like Carney is doing but it’s too late now and reality is hitting them right in the groin.
Selling things at a discount. It kills revenue.
Selling bitumen instead of refined oil, kills Revenu.
BC currently exports water for free. You read that right. How much money do you get when you tax something that costs $0.
Wages have stagnated for years. The government believes investment income should be taxed much less than wages.
So yeah, refuse to have revenue, have deficits.
The answer is no different than your own budget. More going out than coming in. You can color it all you want but taking on a ridiculous amount of debt is not the answer.
It’s almost like all the boomers who made stupid amounts of money…need to learn to spend that money now or fuck over every other generation.
Saskatchewan has very favourable taxation rates for oil , gas and mineral extraction and use the proceeds of these resources to increase the provinces funds . They also own a number of crown corporations that provide utilities . Some crowns make money and some are “ losing money “. ( so they can be privatized ). We should be doing better than we are but we just borrowed 650 million dollars to address a shortfall . Nevertheless , we will probably keep supporting the existing government because the opposition closed some rural hospitals 30 years ago .
Simply not enough revenues to fund all the services that everyone wants. Nobody wants to pay more taxes either so all the government does in each province is cut some jobs here and there.
Years of Covid spending plus trade war and the CUSMA BS haven’t helped. There was no way we were getting out of the pandemic without debt or job loss.
Tax. The. Rich.
Huh! Here I was thinking all the spending on newcomer /asylum, housing, healthcare, employment subsidies, hotels, motels, etc might be the reason….
Real estate shortfalls. You don’t realize how much the government was being funded by development taxes and home sales
Doug Ford is spending more than Kathleen Wynne. I can’t vote for any of these parties.
The problem is there is more mooching off the system than paying into it. Could trim overhead drastically and spend more efficiently. Seems like everything the government does needs to be an 8 step process and only done halfway so it can be done again immediately after finishing.
Tax the rich. I’m tired of the conversation being anywhere else.
Until they pay their fair share, we need to unite under those three words.
TAX. THE. RICH.
Last week I waited in the ER for 2 hours to get an X-ray done on my hand that I knew had at least one broken bone. Not bad I can live with that. Then it took 7 hours for me to see a doctor for 6 minutes so she could put a temporary splint on my hand.
ER was PACKED with 60-80+ year olds.
Anyways what was the question?
Someone find a gif of Oscar explaining budgets to Michael Scott.
Could be about showing the fed how much we actually need.