According to the Eby government’s fiscal update released last week, the government will run an eye-popping $9.4 billion budget deficit in fiscal 2024-25 — $2.8 billion larger than the deficit during the height of the pandemic in 2020 (even after adjusting for inflation).

The government also plans to run large deficits in 2025-26 and 2026-27, and rack up massive amounts of debt. And that’s bad news for British Columbia taxpayers.

Just five years ago, B.C. was a relatively low-debt province. Now, according to a recent report by the Parliamentary Budget Officer, Canada’s budget watchdog, B.C. has the least sustainable government finances among all provinces (provincial finances are considered unsustainable when government........

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