Sunday, December 28, 2025
ADVT 
National

B.C. deficit lower than forecast at $5.5 billion

Darpan News Desk The Canadian Press, 28 Jul, 2021 12:59 PM
  • B.C. deficit lower than forecast at $5.5 billion

British Columbia's budget deficit has come in almost $3 billion lower than was forecast for the 2020-21 fiscal year.

Finance Minister Selina Robinson says the final numbers show a deficit of $5.46 billion compared to the original forecast of almost $8.2 billion.

She says the strength of B.C.'s economy helped keep the province's finances on stable ground.

Robinson says she expects to lay out a plan in next year's budget that outlines how the province will return to future surpluses.

She says the public accounts show B.C. spent more than $10 billion on COVID-19 response and recovery programs, which included funding for health and shelter as well as economic supports and benefits.

Robinson says the accounts show B.C.'s economy declined by 3.8 per cent, which was less than Canada's national average of 5.3 per cent.

MORE National ARTICLES

Bank of Canada warns about high household debt

Bank of Canada warns about high household debt
In its latest financial system review, the Bank of Canada said Thursday that many households have taken on large mortgages compared with their income, limiting their flexibility to deal with an unforeseen financial shock like the loss of a job.

Bank of Canada warns about high household debt

Abandoned wells cost landowners, taxpayers: study

Abandoned wells cost landowners, taxpayers: study
Over the last six years, the number of inactive wells has quintupled and those wells are staying quiet for longer — more than half have been inactive for more than a decad

Abandoned wells cost landowners, taxpayers: study

Canada's vaccination pace moves to top of pack

Canada's vaccination pace moves to top of pack
Canada is expected to move ahead of the United States today in at least one of the markers in the race to herd immunity against COVID-19. By the end of the day nearly 49 per cent of all Canadians should have their first dose of a COVID-19 vaccine, pushing slightly ahead of the U.S. at just over 48 per cent.

Canada's vaccination pace moves to top of pack

B.C. to release COVID-19 vaccine plan for youth

B.C. to release COVID-19 vaccine plan for youth
Premier John Horgan is joining a news conference today with Health Minister Adrian Dix and provincial health officer Dr. Bonnie Henry, where they are expected to announce the details.

B.C. to release COVID-19 vaccine plan for youth

8 COVID deaths for Wednesday

8 COVID deaths for Wednesday
f the active cases, 340 individuals are currently hospitalized with COVID-19, 118 of whom are in intensive care. The remaining people with COVID-19 are recovering at home in self-isolation.

8 COVID deaths for Wednesday

Alleged gang member in police custody upon being arrested by Transit Police

Alleged gang member in police custody upon being arrested by Transit Police
While speaking with officers, Baez suddenly took off running and was able to get in the drivers seat of a car parked nearby. There was a brief struggle with officers as Baez attempted to start the car.

Alleged gang member in police custody upon being arrested by Transit Police