Editorial – Budgeting

This week's editorial takes a look at budgets, from a personal and federal perspective.

Budgeting is difficult. My mother has been trying to teach me the art of budgeting for nearly a decade, and I find that it’s more a cycle of saving and splurging rather than a set budget. With the announcement of the federal budget on Mar. 22, it would appear that the government has the same budgeting philosophy as I do.

After years of strict, almost suffocating budgets under the Harper Conservatives, the Liberals announced a budget that will re-inject funds into federal initiatives, at the cost of a deficit bordering $30 billion, $20 billion more than the Liberals said during their campaign. This is a splurge Canada hasn’t seen in over a decade.

The most interesting part of the budget to me was the $675 million assigned to the CBC. Over the past three years, I have written multiple articles on the lack of funds the government was giving to the national broadcaster, and how it was hurting the country as a whole. And were they ever hurting. Because the CBC is a crown-corporation, they are a zero-budget organization, meaning they have to spend all of their funds by the end of the fiscal year. They don’t have the luxury of saving for a rainy day, like private broadcasting companies such as CTV do. But from the sounds of it, they didn’t have any surplus to even spend.

Stephen Marche is a Canadian writer and columnist for Esquire magazine. He reported he once went to a going away party for a laid off employee at the CBC, where the organization merely provided the hot water and employees had to provide their own tea bags. These became commonly known as “Bring your own tea bag” parties, and illustrate how extreme the funding cuts were under the Harper reign.

With the new funding, I hope the CBC can return to a prosperous company and create healthy newsrooms once again. This splurge is badly needed, but I do wonder what financial state the Liberals will leave us in if they continue to spend with such enthusiasm.

Budgets, while hard to maintain, are important to pay attention to. Elkford and Fernie are both working on their 2016 budgets, detailing how they will spend the municipal tax dollars for the year, and I will be eagerly awaiting the finalized product. I believe paying attention to how local governments spend their tax dollars is important to know, even on the mundane aspects. And it’s comforting to know that both local and federal governments sometimes have as hard a time maintaining their budgets as I do.


Just Posted

SAR rescues injured dog after fall

A rope technician was able to reach the dog after being lowered nearly 90 metres down the cliffs.

Community spirit shines at centennial

Hundreds have helped mark Fernie Golf Club’s 100th anniversary

Fernie-born location manager honoured

Rino Pace has scouted the locations for roughly 50 films, including X-Men, Inception and Deadpool.

South Country firefighters called out twice Thursday

Shortly after tackling a wildfire near Baynes Lake, firefighters were called out to a structure fire in Elko

Sparwood mayor will not seek re-election

Sparwood’s current mayor Cal McDougall has announced he will not be seeking… Continue reading

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Air quality statement warns of smoky air for Kamloops area

Environment ministry says area on north side of Thompson River may be affected by wildfire smoke

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Canadian soccer fans brace for World Cup final between France, Croatia

First ever final for the Croatians, while it’s France’s third, going into match as betting favourite

B.C. Lions claw their way back to score 20-17 victory over Winnipeg Blue Bombers

The Bombers, who beat the Lions 41-19 last week in Edmonton, fell to 2-3 with the loss

Most Read