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

Experts concerned about vaccine complacency

Experts concerned about vaccine complacency
Canada's demand for COVID-19 vaccines is slowly dropping, experts say, and they warn those waiting to see whether cases spike before getting their jabs are wasting time the body needs to build sufficient immunity.

Experts concerned about vaccine complacency

Body found inside burned vehicle in Langley: IHIT

Body found inside burned vehicle in Langley: IHIT
Once the fire was extinguished, a body was located inside the burned red Ford F-150 pickup. The area surrounding the scene will be cordoned off for a significant amount of time.

Body found inside burned vehicle in Langley: IHIT

Man shot near Brownsville Pub at Old Yale Rd: Surrey RCMP

Man shot near Brownsville Pub at Old Yale Rd: Surrey RCMP
At approximately 1:14 a.m. on July 19, 2021, Surrey RCMP Frontline responded to a report of an injured man under the Patullo Bridge. Frontline officers located the man suffering from apparent gunshot wounds.

Man shot near Brownsville Pub at Old Yale Rd: Surrey RCMP

Extreme weather likely to continue: Wilkinson

Extreme weather likely to continue: Wilkinson
Wildfires are raging out of control, forcing residents out of their homes, in British Columbia, Saskatchewan and Manitoba.

Extreme weather likely to continue: Wilkinson

Election won't stall EI review, minister says

Election won't stall EI review, minister says
Qualtrough says consultations will start next month on how the decades-old system can be modernized after its shortcomings were exposed by the COVID-19 pandemic.

Election won't stall EI review, minister says

More evacuations, alerts due to B.C. wildfires

More evacuations, alerts due to B.C. wildfires
The Regional District of Kootenay Boundary declared a local state of emergency and ordered 122 properties evacuated, while residents in another 304 properties have been put on alert as the 20-square kilometre Nk'Mip Creek wildfire sweeps east, parallel to the U.S. border.

More evacuations, alerts due to B.C. wildfires