Wednesday, December 17, 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

COVID19 outbreak at Burnaby Hospital results in 55 testing positive for COVID19 and 5 deaths

COVID19 outbreak at Burnaby Hospital results in 55 testing positive for COVID19 and 5 deaths
There are currently 55 patients who have tested positive for COVID-19 at Burnaby Hospital. There have been five deaths. There are also 40 staff cases that are under investigation to determine if they are connected to the outbreak.

COVID19 outbreak at Burnaby Hospital results in 55 testing positive for COVID19 and 5 deaths

B.C. man steps in to help reunite American family

B.C. man steps in to help reunite American family
The family's pickup truck was pulling a U-Haul and did not have the appropriate winter tires to get through the winding, mountainous roads when they stopped at a highway lodge for temporary workers in Pink Mountain, B.C.

B.C. man steps in to help reunite American family

Alberta announces tougher restrictions

Alberta announces tougher restrictions
Premier Jason Kenney says there are to be no indoor gatherings, but people who live alone can have up to two personal contacts.

Alberta announces tougher restrictions

Shugart testifies on WE document redactions

Shugart testifies on WE document redactions
Ian Shugart says another 2.5 per cent were redacted because they contained information about other matters that were not relevant to a committee inquiry into the WE controversy.

Shugart testifies on WE document redactions

Families of Max crash victims say plane is unsafe

Families of Max crash victims say plane is unsafe
Paul Njoroge, whose wife, three children and mother-in-law died in the March 2019 crash of Ethiopian Airlines Flight 302, told the House of Commons transport committee Tuesday the aircraft is still "unstable.

Families of Max crash victims say plane is unsafe

No more charges in Bountiful, B.C., investigation

No more charges in Bountiful, B.C., investigation
The B.C. Prosecution Service says in a statement the decision from special prosecutor Peter Wilson brings the matter to a close after years of investigations and charge assessments.

No more charges in Bountiful, B.C., investigation