Wednesday, January 14, 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

Vancouver Police Seize Stolen Bikes and Cash From East Vancouver Home

Vancouver Police Seize Stolen Bikes and Cash From East Vancouver Home
Project 529 is a community-based bike recovery service. On the site, he was able to see the bike he was wanting to purchase was listen as stolen and immediately called police.

Vancouver Police Seize Stolen Bikes and Cash From East Vancouver Home

TransLink tests anti-microbial copper coatings

TransLink tests anti-microbial copper coatings
TransLink CEO Kevin Desmond says the four-week pilot project is part of a study examining the effectiveness of different copper-based products and a protective coating that are to be installed on two SkyTrains and two buses in Vancouver.

TransLink tests anti-microbial copper coatings

Senior of South Asian descent shoved to the ground in Abbotsford.

Senior of South Asian descent shoved to the ground in Abbotsford.
The victim, an 88-year-old Sikh man and an Abbotsford resident, was walking on the sidewalk at the intersection of SFW at Cedar Park Place when he was shoved and fell to the ground.

Senior of South Asian descent shoved to the ground in Abbotsford.

Sri Guru Ravidaas Sabha temple in Burnaby the target of weekend arson say RCMP

Sri Guru Ravidaas Sabha temple in Burnaby the target of weekend arson say RCMP
There were no injuries reported as a result of the fire, however, there was some damage to the exterior of the building and smoke damage to one of the rooms.

Sri Guru Ravidaas Sabha temple in Burnaby the target of weekend arson say RCMP

Online fraud leaves Prince George, B.C., out cash

Online fraud leaves Prince George, B.C., out cash
The Mounties say in a news release investigators worked with financial institutions to recover most of one payment, but $375,000 remains lost.

Online fraud leaves Prince George, B.C., out cash

Trudeau 'disappointed' by MP's hiring of sister

Trudeau 'disappointed' by MP's hiring of sister
Ratansi, who represents Don Valley East, said in a statement posted to Facebook Monday night that she "made an error'' by employing her sister. 

Trudeau 'disappointed' by MP's hiring of sister