B.C. finance minister resoles old shoes to unveil new budget during tough times

The Canadian Press 0

VICTORIA – Finance Minister Mike de Jong says he’ll wear resoled shoes as he unveils Tuesday’s budget to signal British Columbia’s solid financial strength despite some wear and tear.

De Jong says he will table a balanced budget, but warns British Columbians not to expect huge spending initiatives or major tax breaks.

Like his old but renewed shoes, de Jong says the budget holds the line on government spending during tough economic times.

While getting his shoes resolved, De Jong also had new holes punched into one of his belts to symbolize what he says is ongoing belt tightening by the Liberal government.

De Jong says the budget will lay out a three-year fiscal plan that forecasts modest surpluses in each of the three years.

Late last year, the Finance Ministry forecast the budget surplus at $165 million.

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