| May 12, 2010 High Economic Marks Prove B.C. on the Right Track LANGLEY – A globally recognized bond rating agency has given B.C. high marks on economic management, upholding the province’s debt rating and reinforcing the Province’s strong fiscal management. “This announcement, combined with B.C.’s triple A credit rating, proves we are on the right track to a stronger economic and a prosperous future,” says Langley MLA Mary Polak. “As the bond service indicates, I wouldn’t be surprised if we were able to balance our budget earlier than 2013.” The Dominion Bond Rating Service (DBRS) confirmed B.C.'s long and short-term debt ratings at high, and it continues to hold one of the lowest debt burdens of any Canadian province. DBRS noted the Province’s prudent economic approach may result in a balanced budget one year earlier than planned. The bond service expects total spending to grow over the next two years to meet the needs of the health sector and for a capital program to stimulate economic growth before balancing. In the 2010 Budget, reduced deficit budgets over the next three years will lead to the government’s commitment to return to balanced budgets by 2013/2014. For the latest news from MLA Polak, visit her website www.marypolakmla.bc.ca and follow her on Twitter www.twitter.com/MaryPolak. -30- | |
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