Wednesday, June 17, 2026
ADVT 
National

B.C. budget deficit forecast to hit $13.6 billion

Darpan News Desk The Canadian Press, 17 Dec, 2020 06:15 PM
  • B.C. budget deficit forecast to hit $13.6 billion

British Columbia's deficit forecast has grown and the budget shortfall is now expected to hit $13.6 billion in this fiscal year.

The government predicted in September that the province would end the year with a $12.8 billion deficit.

In February, the government projected a budget surplus of $227 million for 2020-21 but that was before the impact of the COVID-19 pandemic.

The Ministry of Finance predicts B.C.'s economy will decline by 6.2 per cent this year, but growth is expected to rebound to three per cent next year.

Finance Minister Selina Robinson said the economy might not perform at pre-pandemic levels until late 2022 or early 2023.

“We’ve been through a year like no other,” Robinson told a news conference on Thursday.

“The path forward remains uncertain.”

Robinson said the government will table its budget on April 20 after legislation was passed on Wednesday night allowing the government to delay its introduction from the traditional date in February.

Documents released by the Finance Ministry show that more than $10 billion has been spent by B.C. on measures related to COVID-19 including almost $2 billion in pandemic relief funds.

Legislation is expected to pass on Thursday that allows for payments of $1,000 to eligible families and $500 to individuals.

Premier John Horgan promised to the pandemic recovery funding during October's election.

MORE National ARTICLES

2020 Writers' Trust award finalists revealed

2020 Writers' Trust award finalists revealed
The finalists are Lorna Crozier, Steven Heighton, Jessica J. Lee, Tessa McWatt and David A. Neel.

2020 Writers' Trust award finalists revealed

Study compares LTC deaths in B.C. to Ontario

Study compares LTC deaths in B.C. to Ontario
As of Sept. 10, Ontario reported 1,817 resident deaths from COVID-19, compared to 156 deaths in B.C. The number of cases among LTC residents in Ontario totaled nearly 6,000 compared to 466 in B.C.

Study compares LTC deaths in B.C. to Ontario

Blanchet, O'Toole urge caution on COVID-19

Blanchet, O'Toole urge caution on COVID-19
The Bloc Québécois leader made the comments as he and Conservative Leader Erin O'Toole returned to Parliament Hill after being diagnosed with COVID-19 earlier this month.

Blanchet, O'Toole urge caution on COVID-19

COVID-19 cases rise in Indigenous communities

COVID-19 cases rise in Indigenous communities
The measures included closing communities to outsiders, imposing local restrictions on gatherings and making sure that people were observing basic health and hygiene protocols.

COVID-19 cases rise in Indigenous communities

Canadian economy grew 3.0 per cent in July

Canadian economy grew 3.0 per cent in July
Statistics Canada says real gross domestic product grew by three per cent in July, matching the agency's preliminary estimate and economists' expectations, but below the 6.5 per cent recorded in June, and May's 4.8 per cent bump.

Canadian economy grew 3.0 per cent in July

Judge reserves decision on Meng evidence hearing

Judge reserves decision on Meng evidence hearing
Associate Chief Justice Heather Holmes also reserved her decision on whether to admit additional evidence that would support that claim in Meng's fight against extradition to the U.S.

Judge reserves decision on Meng evidence hearing