LESS THAN A MONTH AGO, in an email dated Oct. 26, 2021, the BC Auditor General stated:
“For the 10th year in a row, we have qualified our audit opinion on the government’s summary financial statements. This means we disagree with the government’s presentation of its financial accounts – to the tune of $6 billion.
“Our auditors also found errors that impacted the deficit by $550 million and that required fixing in the government’s summary financial statements. Simply put, this means that without our audit, the deficit would have been out by $550 million.”
(See the Auditor General’s video statement at https://youtu.be/3xNp6ufnI7I).
There can be little doubt that the NDP government of Premier John Horgan appears — as indicated by the Auditor General — to have no issues with manipulating the true state of the provinces financial picture.
With that in mind, pardon me if I put little stock in the latest from Finance Minister Selina Robinson (Nov 22nd, 2021: https://news.gov.bc.ca/releases/2021FIN0075-002223)
“Based on data until the end of September, B.C.’s deficit is projected at $1.7 billion – a substantial reduction from the $9.7-billion deficit originally estimated at Budget 2021, and the $4.8-billion deficit predicted in the First Quarterly Report.”
From what our Auditor General had to say last month, manipulating the true state of B.C.’s finances — in other words, over inflating what the true debt and defect numbers will be — makes it easy to say you’re doing a great job.
The fact remains, however, they’re just cooking the books.
What grade would I give them if I were a Mathematics teacher? It would definitely be an “F”.