First and foremost, the government must move away from concerning itself with processes and providers, and instead focus on results. Government must encourage greater program experimentation by providing more flexibility at the local and regional levels. Such reforms will yield not only improved program service but also cost savings. Fundamentally reforming and reducing government spending will allow for meaningful tax reduction. These changes will encourage investment and entrepreneurialism, and promote higher rates of economic growth.
Regulatory reform is also crucial.
The damaging regulations enacted over the last decade explain many of the problems in the mining and forestry sectors as well as in the labour market. In addition, regulations should be prioritized, focused on results rather than process, and enacted with mandatory sunset clauses to ensure regular evaluations. An additional reform that could yield savings is the privatization of many of British Columbia's Crown Corporations. The sale of these profitable entities would provide government with one-time revenues to reduce the province's debt. Reducing debt would also reduce debt-servicing costs and allow for greater tax cuts.