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

B.C. expecting more AstraZeneca vaccine: minister

B.C. expecting more AstraZeneca vaccine: minister
Dix says a "significant amount" of the COVID-19 vaccine was also made available in the last week in the Island and Interior health regions.

B.C. expecting more AstraZeneca vaccine: minister

No time for drug decriminalization redo: mayor

No time for drug decriminalization redo: mayor
Kennedy Stewart says a federal election could see the small window of opportunity close on the city's bid for an exemption from criminal provisions on simple possession of small amounts of drugs.

No time for drug decriminalization redo: mayor

Meng wants to introduce new evidence to court

Meng wants to introduce new evidence to court
A B.C. Supreme Court judge set June 29 and 30 for a hearing over whether the evidence will be admitted in Meng Wanzhou's case, during a brief scheduling meeting on Wednesday.

Meng wants to introduce new evidence to court

Garneau's Iceland travel raises questions on rules

Garneau's Iceland travel raises questions on rules
Marc Garneau's office says he's in quarantine after returning from a G7 ministers' meeting in the United Kingdom last week.

Garneau's Iceland travel raises questions on rules

U.K. looks to fall for talks on Canada trade deal

U.K. looks to fall for talks on Canada trade deal
Britain's trade minister says his country expects to kick-start talks on a free-trade pact with Canada in the fall and suggests it might differ in scope from what is now in place.

U.K. looks to fall for talks on Canada trade deal

Corporate security chiefs say cyberattacks up

Corporate security chiefs say cyberattacks up
The report from U.S. -based Proofpoint is based on a first-quarter survey of 1,400 chief information security officers at mid-sized and large businesses in 14 countries, including Canada.

Corporate security chiefs say cyberattacks up