Wednesday, December 31, 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

Former B.C. premier testifies at inquiry

Former B.C. premier testifies at inquiry
Clark testified her government acted quickly to implement a 2011 report that recommended changes to its anti-money laundering strategies.

Former B.C. premier testifies at inquiry

Experts say budget is hit-and-miss on housing

Experts say budget is hit-and-miss on housing
Yesterday's federal budget promised $2.4 billion over five years for affordable housing and followed through on a pledge to tax foreigners who own vacant homes in Canada.

Experts say budget is hit-and-miss on housing

Military police blasted over misconduct probes

Military police blasted over misconduct probes
The women voiced their complaints today to the House of Commons committee on the status of women, which is grappling with how to eliminate sex misconduct in the armed forces.

Military police blasted over misconduct probes

Leaders criticize federal budget as debate opens

Leaders criticize federal budget as debate opens
Federal NDP Leader Jagmeet Singh says he knows where he's seen two of the Liberals' signature budget promises before: his own party's election platforms.

Leaders criticize federal budget as debate opens

Fire engulfs unfinished condo in Langley, B.C.

Fire engulfs unfinished condo in Langley, B.C.
The fire broke out at around 9:30 p.m. Monday at the development in Langley's Willoughby neighbourhood, about 45 kilometres east of Vancouver.

Fire engulfs unfinished condo in Langley, B.C.

Budget: Promises you might have missed

Budget: Promises you might have missed
The federal Liberal government’s first budget in more than two years makes big promises on child care, the environment and readying the country’s economy for a post-pandemic rebound.

Budget: Promises you might have missed