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

Court extends stay for tobacco companies

Court extends stay for tobacco companies
The stay has already been extended several times, most recently in February, and was due to expire Wednesday.

Court extends stay for tobacco companies

Canada, Britain impose sanctions on Belarus

Canada, Britain impose sanctions on Belarus
Foreign Affairs Minister Francois-Philippe Champagne has called the election result fraudulent and said free and fair elections must take place in Belarus.

Canada, Britain impose sanctions on Belarus

N.S. premier apologizes for systemic racism

N.S. premier apologizes for systemic racism
The premier described the humiliating "lived reality" of Black mothers warning their sons to be fearful of police officers.

N.S. premier apologizes for systemic racism

Vote on workers' aid bill to be a confidence test

Vote on workers' aid bill to be a confidence test
The move appears to dare the opposition parties to bring the government down as the pandemic surges across the country.

Vote on workers' aid bill to be a confidence test

Jury shown images from Fredericton murder scene

Jury shown images from Fredericton murder scene
Robichaud and Wright were killed while packing their car in preparation for a trip, while the two officers were killed when they responded to the scene.

Jury shown images from Fredericton murder scene

WATCH: US Presidential debate tonight, Dr. Bonnie Henry says transmissions outside of school

WATCH: US Presidential debate tonight,  Dr. Bonnie Henry says transmissions outside of school
WATCH: Fox News host Chris Wallace to conduct the first-ever Presidential debate between Trump & Joe Biden. US President Donald Trump and Joe Biden set to square off in first presidential debate tonight.

WATCH: US Presidential debate tonight, Dr. Bonnie Henry says transmissions outside of school