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Maroc Maroc - WESTERNSTANDARDONLINE.COM - A La Une - 14/Aug 12:30

COGGINS: B.C.’s sorry plunge from fiscal leader to financial train wreck

Last month the Canadian Taxpayers’ Federation took its “Debt Clock” on a tour of British Columbia to draw attention to the province’s mounting debt. The debt is currently $112 billion and rising by $53 million per week — faster than that of any other provincial government. That’s $20,000 for every British Columbian. The NDP-run province’s credit rating is “plummeting,” according to outside experts, driving up the interest rate it pays on new debt. It is spending $4 billion a year on interest and will soon pay more.

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