Close X
Sunday, November 17, 2024
ADVT 
National

No cuts to people or services, but B.C. budget deficit to rise, finance minister says

Darpan News Desk The Canadian Press, 21 Feb, 2024 02:47 PM
  • No cuts to people or services, but B.C. budget deficit to rise, finance minister says

British Columbia Finance Minister Katrine Conroy says the budget she tables on Thursday will protect services and won't  raise taxes for ordinary residents, but she also forecasts an increased deficit because "it's the right thing to do." 

The minister says the time is not right for the NDP government to bring cuts when most people are facing rising costs for housing, food and other daily staples.

She says the budget will address health care, middle-class housing, a clean economy and incentives for small business.

Conroy says she couldn't pinpoint the size of the deficit, which was projected to reach $5.6 billion late last year, but the budget's long-term outlook forecasts deficit declines.

The government's budget comes less than nine months before a provincial election in the province. 

Conroy, who describes herself as a frugal person, says she will be breaking with tradition for the second year in a row by not wearing a new pair of shoes when she delivers the budget.

 

MORE National ARTICLES

Monthly bills to decrease: Fortis BC

Monthly bills to decrease: Fortis BC
The utility says it will amount to about $7 a month in savings for residential customers, depending on a customer’s consumption. Joe Mazza, vice-president of energy supply at Fortis, says the decrease will provide customers with some financial relief as they head into the colder fall and winter months. 

Monthly bills to decrease: Fortis BC

Harinder Singh Sihota arrested in car crashes

Harinder Singh Sihota arrested in car crashes
38-year-old Harinder Singh Sihota is in custody as police in Surrey and Delta investigate a series of violent events that included a break-in, assault and several car crashes. Surrey R-C-M-P say it began with a break-in Saturday night at a home in northwest Surrey and the assault of several people in the house.

Harinder Singh Sihota arrested in car crashes

Murder of Sikh leader in B.C. may be linked to Indian govt

Murder of Sikh leader in B.C. may be linked to Indian govt
Canada ordered an Indian diplomat to leave Canada on Monday in response to what Prime Minister Justin Trudeau called "credible" intelligence linking agents of India's government to the shooting death of a Sikh leader near Vancouver. 

Murder of Sikh leader in B.C. may be linked to Indian govt

Champagne, Freeland meet with grocery executives to discuss stabilizing price

Champagne, Freeland meet with grocery executives to discuss stabilizing price
Top executives from Canada's major grocery chains are in Ottawa this morning to meet with two federal cabinet ministers and discuss measures to stabilize grocery prices. Finance Minister Chrystia Freeland and Industry Minister François-Philippe Champagne are set to meet with executives from Loblaw, Metro, Empire, Walmart and Costco this morning.

Champagne, Freeland meet with grocery executives to discuss stabilizing price

Vancouver firefighter sent to hospital after roof collapses during fire

Vancouver firefighter sent to hospital after roof collapses during fire
A firefighter was injured after an aggressive fire in Vancouver's downtown early Saturday caused a ceiling to collapse onto him. Assistant fire chief Pierre Morin says the firefighter was taken to hospital with minor injuries, but has since been released.

Vancouver firefighter sent to hospital after roof collapses during fire

3 minor earthquakes near Port Hardy

3 minor earthquakes near Port Hardy
Earthquakes Canada said a 4.0 magnitude quake was registered around 8:20 a.m. local time. Its epicentre was 185 kilometres west of Port Hardy, north of Vancouver Island. This followed a 5.5 magnitude quake recorded at 4:30 a.m. and another 4.2 magnitude quake recorded about an hour and a half earlier near the same location.  

3 minor earthquakes near Port Hardy