Sunday, October 17, 2021
ADVT 
National

B.C. projects lower deficit, uneven recovery

Darpan News Desk The Canadian Press, 13 Sep, 2021 01:01 PM
  • B.C. projects lower deficit, uneven recovery

British Columbia's budget deficit is expected to be lower than forecast but the COVID-19 pandemic remains a risk to the economy.

Finance Minister Selina Robinson says the province's financial statement for the first three months of the 2021-22 fiscal year projects a deficit of $4.8 billion, about half the $9.7 billion that was originally forecast in the budget.

She says the lower deficit projection is the result of an improved job market along with higher revenues from natural resources and federal transfers.

Robinson says B.C.'s economy is forecast to grow by four per cent, slightly higher than the 3.8 per cent projected in the budget.

But she says the COVID-19 pandemic creates uncertainly and poses a threat to the economic recovery.

Robinson says the cost of fighting this summer's wildfires will also put pressure on the budget.

MORE National ARTICLES

Burnaby RCMP seek witnesses of a collision that has left a cyclist in hospital with life threatening injuries

Burnaby RCMP seek witnesses of a collision that has left a cyclist in hospital with life threatening injuries

On Sunday, September 12, at 12:00 p.m., frontline officers responded to a report of a motor vehicle collision involving a cyclist at the intersection of MacPherson Avenue and Beresford Street.

Burnaby RCMP seek witnesses of a collision that has left a cyclist in hospital with life threatening injuries

Vancouver Police stretched thin during violent weekend with series of shootings, stabbings, and major crime

Vancouver Police stretched thin during violent weekend with series of shootings, stabbings, and major crime

In addition to these major incidents, VPD officers also monitored a number protests during the weekend and launched dozens of other investigations related to missing persons cases, assaults, and traffic collisions.

Vancouver Police stretched thin during violent weekend with series of shootings, stabbings, and major crime

Election campaign enters final week

Election campaign enters final week

A group calling itself Canadian Frontline Nurses has looked to organize what it dubs "silent vigils" at hospitals across the country in response to public health restrictions aimed at slowing the spread of COVID-19, which they call "tyrannical measures and government overreach."

Election campaign enters final week

B.C. COVID-19 vaccine card takes effect

B.C. COVID-19 vaccine card takes effect

The digital or paper vaccine card is required at settings such as ticketed sports events, concerts, restaurants, bars, nightclubs, casinos, gyms and movie theatres.

B.C. COVID-19 vaccine card takes effect

B.C. finance minister to provide update

B.C. finance minister to provide update

Robinson reported in July that the deficit of $5.46 billion for the 2020-21 fiscal year that ended March 31 had come in nearly $3 billion lower than forecast.

B.C. finance minister to provide update

Shots fired at Surrey RCMP Officer

Shots fired at Surrey RCMP Officer

There is a road closure in effect on 82 Avenue between 128 Street and 124 Street. The roadway is expected to be closed for some time as the Integrated Forensic Identification Service collects evidence in the area.

Shots fired at Surrey RCMP Officer

PrevNext