Sunday, December 14, 2025
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

Liberals introduce bill for new COVID-19 spending

Liberals introduce bill for new COVID-19 spending
The Liberals will make passage of the legislation a confidence vote, meaning the minority government could fall and trigger an election if it doesn't garner the necessary support.

Liberals introduce bill for new COVID-19 spending

Priority list too long for first doses: Tam

Priority list too long for first doses: Tam
But she says the six million doses set to arrive between January and March will not be enough to vaccinate everyone on the initial priority list developed by the National Advisory Committee on Immunization.

Priority list too long for first doses: Tam

Feds to introduce bill to implement UNDRIP

Feds to introduce bill to implement UNDRIP
The bill is expected to echo a private member's bill passed by the House of Commons two years ago, during the last Parliament.

Feds to introduce bill to implement UNDRIP

Foot chase by Mountie ends with military rescue

Foot chase by Mountie ends with military rescue
When officers arrived at the property in Bridesville, east of Osoyoos, they detained four people, but a fifth person leapt into the ravine and was pursued by an officer.

Foot chase by Mountie ends with military rescue

Human activities linked to orca deaths: study

Human activities linked to orca deaths: study
Killer whale deaths from Alaska to British Columbia, south to California and west to Hawaii linked to human activities were found in every age class from calves to adults, said the study published Wednesday in the open access journal Plos One.

Human activities linked to orca deaths: study

Pedestrian struck and killed in early morning crash in Abbotsford on Hwy 1

Pedestrian struck and killed in early morning crash in Abbotsford on Hwy 1
The accident took place just before 3am on Hwy 1 Westbound between the Clearbrook and McCallum Rd exits.

Pedestrian struck and killed in early morning crash in Abbotsford on Hwy 1