How does Wikipedia define a “Balanced Budget”??
The public perception of balanced budget is when there is neither a budget deficit nor a budget surplus – when revenues equal expenditure ("the accounts balance") – particularly by a government. More generally, it refers to when there is no deficit, but possibly a surplus.
The private definition used by government is often setting the tax so high that if it were any higher a tax revenue shortfall, rather than gain, would be predicted. Thus "maximum tax rate" would be a better way for the public to perceive it.
Meantime ... what does the Canadian Taxpayers Federation (CTF) say about deficit and debt in BC?
When you run your credit card to the limit, you soon get a bill in the mail, and B.C. is beginning to experience the hangover from this borrowing binge of Olympic proportions … the sooner we balance the budget, the sooner we can start paying down debt.