DAILY INTEREST PAYMENT SOARS
TO $17,900,000.00 PER DAY!
B.C.’s own fiscal plan shows why debt becomes a permanent tax on everything else. In 2025/26, the province expects to pay $5.253 billion in interest on its debt — about $14.4 million every day — and in 2026/27 that climbs to $6.542 billion, roughly $17.9 million a day.
That’s an increase of about $1.289 billion a year, or +$3.53 million every single day, going to interest before roads, policing, schools, or health care get a dime. And the squeeze is already visible in the spending tables: from 2022/23 to 2026/27, debt servicing rises by about $3.647B, which is actually more growth than total education spending over the same period (+$3.077B).
So debt servicing grows by about $570M more than education over that window ($3.647B – $3.077B = $0.570B).
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That extra $570M/year is roughly $1.6M/day more growth in debt servicing than education growth (just as a “daily” framing).
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Debt servicing isn’t a “service” — it’s the carrying cost of past borrowing. When it outgrows things like education, it’s a clean example of crowding out.
In plain English: the interest meter is accelerating, and it’s starting to outgrow core public services — a compounding cost that slowly crowds out what taxpayers think they’re paying for.
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