Close X
Sunday, November 10, 2024
ADVT 
National

B.C. posts $704 million budget surplus for 2022-2023, say audited public accounts

Darpan News Desk The Canadian Press, 30 Aug, 2023 11:05 AM
  • B.C. posts $704 million budget surplus for 2022-2023, say audited public accounts

An audited public accounting of British Columbia's financial records shows the province posted a surplus of more than $700 million in the 2022-2023 budget year.

Finance Minister Katrine Conroy outlined the province's financial performance in the government's public accounts for the fiscal year ending March 31, 2023.

The government's budget forecasts have been on an up-and-down ride for the past two years, with the 2022-2023 budget originally forecast in February last year to show a $5.5 billion deficit, before that was revised to a surplus of almost $6 billion, then downgraded to a $3.6 billion surplus.

The final numbers now show a surplus of $704 million.

Conroy forecast three years of consecutive budget deficits last March, with the current 2023-2024 budget projected to bring a deficit of $4.2 billion.

She says the audited public accounts show B.C.'s economy grew by 3.6 per cent, tied for fourth highest among the provinces and equal to Canada's national growth.

MORE National ARTICLES

Two missing hikers found dead in Crowsnest Pass in Rocky Mountains: Alberta RCMP

Two missing hikers found dead in Crowsnest Pass in Rocky Mountains: Alberta RCMP
Mounties say two Alberta hikers have been found dead at the bottom of a ridge at Mount Coulthard, a summit in the Rocky Mountains. RCMP were informed Wednesday night that the two hikers who were making their way along the North York Creek Plane Crash Trail, outside Coleman, Alta., had not returned when planned. 

Two missing hikers found dead in Crowsnest Pass in Rocky Mountains: Alberta RCMP

Growth in Canadian economy in May

Growth in Canadian economy in May
Statistics Canada says the energy sector was down 2.1 per cent in May -- its first decline in five months and its largest since August 2020.  Canada's record-breaking wildfire season led many mining and oil and gas companies to reduce their operations in Alberta.  

Growth in Canadian economy in May

Province wants feedback on ride hailing, taxi

Province wants feedback on ride hailing, taxi
The B-C government says it wants to hear from British Columbians about taxi and ride-hailing services in the province. The province says it's holding a public meeting in the fall as a special committee is set to review so-called passenger-directed vehicles that come under the Passenger Transportation Act.   

Province wants feedback on ride hailing, taxi

Street expansion coming for Surrey

Street expansion coming for Surrey
City council in Surrey has awarded a contract for designing the widening of 132nd Street between 72nd Avenue to 80th Avenue. The city says in a news release that the expansion to four lanes aims to improve traffic and safety.

Street expansion coming for Surrey

Shooting in Richmond leaves one dead

Shooting in Richmond leaves one dead
A shooting in Richmond  has left one man dead, and police are investigating whether a nearby car fire is related to the case. Richmond RCMP were called to Milner Road at Blundell Road at 5:45 p.m. Thursday for reports of a shooting.  

Shooting in Richmond leaves one dead

3 arrested in Surrey SkyTrain attack

3 arrested in Surrey SkyTrain attack
Surrey transit police say the investigation of an attack on three men near a Surrey SkyTrain station has led to three arrests. Police say the alleged unprovoked stabbing attack on three men happened the evening of June 21st.  

3 arrested in Surrey SkyTrain attack