Close X
Monday, November 25, 2024
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

Canada, allies blame China for cyberattack

Canada, allies blame China for cyberattack
Canada joined the United States and other allies on Monday in blaming China for a massive cyberattack that compromised tens of thousands of computers around the world earlier this year.

Canada, allies blame China for cyberattack

Church destroyed by fire in Surrey, B.C.

Church destroyed by fire in Surrey, B.C.
Surrey Fire Service assistant chief Shelley Morris says the St. George Coptic Orthodox Church was engulfed in flames by the time crews arrived at around 3:30 a.m.

Church destroyed by fire in Surrey, B.C.

Surrey Central Bus Loop closed near City Hall on 104th Ave due to police incident

Surrey Central Bus Loop closed near City Hall on 104th Ave due to police incident
Reports of a police incident near City Hall(104th at City Pkwy). Surrey Central Bus Loop is closed due to a police incident. Police situation blocking traffic in the region by the Surrey Central Bus Loop. Use caution and expect delays.

Surrey Central Bus Loop closed near City Hall on 104th Ave due to police incident

Clean energy centre launched in British Columbia

Clean energy centre launched in British Columbia
Premier John Horgan says each of them will contribute seed money of $35 million to stimulate other investment from the private sector on technologies like carbon capture, the use of low-carbon hydrogen and battery technology. 

Clean energy centre launched in British Columbia

45 COVID19 cases for Friday

45 COVID19 cases for Friday
80.6% (3,485,949) of all eligible adults in B.C. have received their first dose and 53.2% (2,301,322) received their second dose.

45 COVID19 cases for Friday

Cleanup begins after Barrie twister

Cleanup begins after Barrie twister
Premier Doug Ford toured the south Barrie neighbourhood where the tornado touched down and pledged to "step up" if insurance companies didn't cover the costs of repairs.

Cleanup begins after Barrie twister