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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Sep 21, 1977
Page
2
Victoria argues the 1976 77 year ends with a modest 38.5 million surplus, a $317 million revenue overage, and $72.5 million under budget. Premier Bennett and Evan Wolfe tout a stronger BC economy driven by Social Credit policies despite national strain. Critics warn the surplus could be election-year tailoring.
Don Phillips, BC economic development minister, joins Premier Bennett on a European mission but refuses to address Hyde Park crowds in London. He fears public ridicule and says the mission remains a serious, speech-light venture despite his past long talks in opposition against the agricultural land reserve bill.
Economic Development Minister Don Phillips reports a favorable reception for the British Columbia Economic Mission during a 17 day tour across five European countries. Premier Bennett, Finance Minister Evan Wolfe, and others meet with UK industry leaders in London and with the EEC in Brussels while planning long term BC trade and investment. A wreath will be placed at a Belgian war cemetery near Bruges before continuing to Germany.
A dissenting MLA argues the 1977 final fiscal report misleads about BC's economy. He cites a 5.1 percent inflation-adjusted growth, only 8.8 percent sales tax rise, and a ballooning per capita debt to 2221.67, while claiming tax hikes drained spending power and jobs declined.
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