Premier David Eby has defended the province's growing debt, arguing that borrowing is necessary to build infrastructure and prepare for the future. Speaking after the throne speech in Victoria, Eby emphasized that the investments being made today will benefit generations to come.
Infrastructure Investments
Eby highlighted several key projects, including the Surrey-Langley SkyTrain extension, which recently reached a construction milestone. He also pointed to road rehabilitation work in Windsor and other municipal infrastructure projects across the province.
The Premier acknowledged that debt levels have risen but insisted that the spending is responsible and targeted. "We are building for the future," he said. "If we don't invest now, the costs will only grow."
Economic Context
Eby's comments come amid a challenging economic environment, with Canadian youth facing a rapidly changing job market and uncertainty weighing on corporate results. The Premier argued that government investment helps stabilize the economy and create jobs.
He also noted that the province's credit rating remains strong, allowing B.C. to borrow at favorable rates. "We are managing our finances prudently," Eby said.
Opposition Criticism
Opposition MLAs have criticized the government's spending, warning that high debt could lead to future tax increases or service cuts. However, Eby dismissed these concerns, stating that the alternative—underinvesting in infrastructure—would be more costly in the long run.
The throne speech outlined a ambitious agenda, including investments in healthcare, education, and climate action. Eby said the debt is a tool to achieve these goals, not a burden.
