Apr
28
2026
APEBC/CABE Webinar: B.C.’s Fiscal Outlook: The Tipping Point
B.C.’s fiscal position has deteriorated rapidly in recent years. Since 2021, operating spending has grown at twice the rate of revenue, and capital spending has doubled. The province has lost its AAA credit rating, as S&P Global downgraded it five times in consecutive years while maintaining a negative outlook – raising debt-servicing costs. Despite tax increases, along with modest efficiency measures and staffing reductions, Budget 2026 still projects a record $13.3 billion deficit (2.9% of GDP). What lies ahead on the current trajectory?
Join David Williams for an in-depth analysis of the province’s economic and fiscal future.
David Williams
Vice President of Policy at the Business Council of British Columbia
David Williams is Vice President of Policy at the Business Council of British Columbia, where he leads the Council’s research and strategic advice to government on economic policy, productivity, competitiveness, and taxation.
David’s international career spans Canada, the United Kingdom, the United States, and Australia. He has served as Senior Economist at the Bank of Canada, Lecturer in Economics at Oxford University, and PhD Research Intern at the International Monetary Fund. In Australia, he held senior policy and advisory roles, including Senior Adviser for Economic Policy at the Department of the Prime Minister and Cabinet, Economist at the Reserve Bank of Australia, and Policy Adviser for Maritime Shipping Policy at Queensland’s Department of Transport.
He is a member of the B.C. government’s Economic Forecast Council, and the Immediate Past President of the Association of Professional Economists of British Columbia.
David holds a Doctor of Philosophy and a Master of Philosophy in economics from Oxford University.
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