View Single Post
Old 12-18-2024, 09:41 AM   #8533
68style
Performance Moderator
 
68style's Avatar
 
Join Date: Jun 2001
Location: Richmond
Posts: 19,445
Thanked 21,456 Times in 7,317 Posts
Failed 333 Times in 222 Posts
You also don't understand how corporate finance or government finance works re: allocation of debt... the minutae of how things like that are handled in the government is a science unto itself.

I'll give an example, CCG might have a budget for an ice breaker for say $40 million... that would include construction, training of crew, staffing of ship and some future operating costs. It takes years to build a ship, so the money gets assigned in 1 budget, then separated out as a carry forward outside of the realm of budgeting for subsequent years... costs may increase, materials may increase, training and staffing costs may increase... they may assign more $ in future years to compensate or they may have a surplus. Then you get something like a car gets bought in Victoria, they section ran out of money, so what do they do/ Search for excess somewhere else in carry forwards, maybe the ship program had $40,000 left over in it so they can grab some of that money from a 3 year old budget and pay for the car today and resolve everything that way.

Indigenous payments would be a similar thing, they woud forecast the expenditure, set the money aside out of the current budget at the time the decision was made, and possibly not pay it out until much later when it's a carry forward aount so it's not actually coming out of "today's" budget.. but the public perceives it that way bacause all you see is a headlines that says "BC NDP pays $120 million to indgenous" or whatever it might say. THey may even gloss over it being a time lapsed payment too.

When you sit there on your keyboard and say "THESE IDIOTS THEY SHOULD HAVE DONE IT BETTER" it's because you just can't or don't want to understand the intricacies that go into even the smallest decisions outside of your own field of expertise and have some assumption that anyone who does anything for whatever organization is in control of anything that isn't going well is an idiot.
68style is offline   Reply With Quote
This post thanked by: