Close X
Sunday, November 24, 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

Cutting off foreign students, temporary workers will hit Canadian economy: Report

Cutting off foreign students, temporary workers will hit Canadian economy: Report
The students will now have to show at least in their $20,635 account on top of their one-year tuition fees, and if they bring one family member with them, they will need to show an additional $4,000. According to Bartlett, Much of Canada's population growth -- now one of the fastest in the world -- comes from non-permanent residents, temporary foreign workers and students.  

Cutting off foreign students, temporary workers will hit Canadian economy: Report

Former NDP leader Ed Broadbent to have state funeral in Ottawa

Former NDP leader Ed Broadbent to have state funeral in Ottawa
Prime Minister Justin Trudeau announced today that the state funeral will be held in Ottawa on Jan. 28. Broadbent served as a member of Parliament for more than two decades and led the NDP for 14 years in the 1970s and 1980s.  

Former NDP leader Ed Broadbent to have state funeral in Ottawa

Liberal, NDP MPs head to Jordan, West Bank to ask Palestinians how to advance peace

Liberal, NDP MPs head to Jordan, West Bank to ask Palestinians how to advance peace
Five members of Parliament are in the Middle East to hear from Palestinians about how Canada can best push for peace and human rights in the region. The group Canadian-Muslim Vote is paying for the Liberal and NDP MPs to visit the region for six days, alongside humanitarian groups.  

Liberal, NDP MPs head to Jordan, West Bank to ask Palestinians how to advance peace

High power demand due to cold snap: BC Hydro

High power demand due to cold snap: BC Hydro
BC Hydro says the extreme cold temperatures saw the province experience a record-high power demand. The public utility says in a statement it reached record demand highs on Friday night of eleven thousand three hundred megawatts.  

High power demand due to cold snap: BC Hydro

Canadians in several provinces to receive carbon price rebates today

Canadians in several provinces to receive carbon price rebates today
Canadians living in provinces where the federal carbon price is collected are expected to receive their first Climate Action Incentive rebate of the year today. The federal government says people living in provinces including Alberta, Manitoba, New Brunswick, Ontario, and Saskatchewan will receive the rebate through direct bank deposit or by cheque if they have filed their income tax and benefit returns.

Canadians in several provinces to receive carbon price rebates today

Snowflurries in Vancouver on Tuesday

Snowflurries in Vancouver on Tuesday
Environment Canada says the forecast calls for snowflurries in the Metro Vancouver area by Tuesday, followed by rain later this week. Temperatures are still forecast to remain well below zero Celsius in the province's northeast and Kootenay regions.

Snowflurries in Vancouver on Tuesday