Close X
Wednesday, December 4, 2024
ADVT 
National

B.C. auditor outlines cost of pandemic response

Darpan News Desk The Canadian Press, 11 Sep, 2020 07:38 PM
  • B.C. auditor outlines cost of pandemic response

A new report from British Columbia's auditor general says the largest amount the provincial government had allocated by mid-August in its pandemic response was for individuals and households.

Michael Pickup's report says of the $2.6 billion his office has identified as being allocated by the government as of Aug. 18, $1.9 billion was targeted at individuals and households.

Another $642 million was for critical services, and $100 million was allocated for business and industry.

The government has announced a $5-billion COVID-19 response and a $1-billion contribution to a federal cost-sharing program.

About $3.5 billion was set aside for individuals and households, critical services, and business and industry, and the auditor general's office identified allocations totalling about $2.6 billion.

Finance Minister Carole James is also expected to announce next week how the province will spend a further $1.5 billion set aside for economic recovery.

Pickup says his report does not identify how much has been spent, but lists money that has been allocated for a specific purpose.

The auditor says his office also identified about $1.6 billion in other financial relief measures, as well as billions in deferrals by the province.

Those include:

— $914 million in revenue reductions.

— $500 million for a one-time tax credit under the province's climate change plan.

— $6 billion in deferrals, which includes the postponement of fees, taxes or bills for businesses and individuals.

Pickup says his office has not audited any of the relief programs, but it could do so in the future.

"Because of the unprecedented nature of the COVID-19 pandemic, as well as the uncertainty regarding the magnitude of the economic decline caused by the pandemic, British Columbia's path to economic recovery is largely unknown," the report says.

"One driver of this uncertainty is what the impact of a second wave of COVID-19 will be and what measures will need to be taken to keep the people of British Columbia safe."

MORE National ARTICLES

Champagne pushes Lebanon, China on first trip

Champagne pushes Lebanon, China on first trip
Canada's foreign minister was bound for London for private talks with a trusted ally after butting heads with leading figures from Lebanon and China, capping a bubble-bursting, four-country tour amid an unprecedented global pandemic.

Champagne pushes Lebanon, China on first trip

Tories ask speaking agency to deliver WE docs

Tories ask speaking agency to deliver WE docs
The federal Conservatives are calling on a speaking agency through which WE Charity paid hundreds of thousands of dollars to members of Prime Minister Justin Trudeau's family to hand over all documents about the arrangements.

Tories ask speaking agency to deliver WE docs

Macklem to central bankers: Speak simply

Macklem to central bankers: Speak simply
The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pandemic, or risk losing public trust and face an existential crisis.

Macklem to central bankers: Speak simply

Elections Canada braces for pandemic vote

Elections Canada braces for pandemic vote
Elections Canada is bracing for an explosive increase in the number of Canadians who vote by mail should the country be plunged into an election during the COVID-19 pandemic.

Elections Canada braces for pandemic vote

Back-to-school day for many Quebec students

Back-to-school day for many Quebec students
There was a mixture of anxiety and regular back-to-school excitement this morning as tens of thousands of Montreal-area children returned to class for the first time since the emergence of COVID-19.

Back-to-school day for many Quebec students

Alberta expects deficit of more than $24B

Alberta expects deficit of more than $24B
The double blow of collapsing oil prices and the COVID-19 crisis has pushed Alberta into a historic deficit of $24.2 billion — more than triple what the United Conservative government projected in its February budget.

Alberta expects deficit of more than $24B