The Abbotsford Chamber of Commerce, along with the BC Chamber of Commerce have voiced its approval of the B.C. government's updated 2013 budget.
“Balanced budgets are imperative for B.C.’s economic growth and a long-standing priority for all BC Chambers and the businesses we represent,” said Mike Welte, president of the Abbotsford Chamber. “The Abbotsford Chamber commends the government for its commitment to four years of balanced budgets and for demonstrating that commitment in this updated budget.”
According to John Winter, President and CEO of the BC Chamber, “While the budget surplus forecast in February is now somewhat reduced due to lower-than-expected economic activity, this updated budget is both balanced and prudent”.
Winter emphasized the value of balancing B.C.’s budget and added that this budget update, and B.C.’s softened economic growth outlook, highlight the need for a core review of B.C.’s government services and programs.
“The BC Chamber urges this government to take swift action in launching a core review process,” Winter said. “The BC Chamber has long advocated for such a review to ensure that every B.C. tax dollar is well spent and in the current best interests of British Columbians.”
The updated budget has lowered its economic growth forecast to 1.4 per cent, down from 1.6 per cent in February. The government has committed to continue its expenditure management controls and has identified an additional $30 million to be saved this year.