Close X
Friday, September 20, 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

Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau
Severe weather and natural disasters caused more than $3 billion in insured damages for the second year in a row in 2023.  The Insurance Bureau of Canada's annual tally is topped by wildfires in the Okanagan and Shuswap areas of B.C., which cost $720 million.   

Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Police say dog may have been thrown to its death from downtown Vancouver hotel

Police say dog may have been thrown to its death from downtown Vancouver hotel
Police say a dog that fell to its death in downtown Vancouver may have been deliberately thrown from a window. Vancouver Police say officers responded to a call and found the dead dog in the laneway beside the Molson Hotel at around 2 p.m. on Friday.

Police say dog may have been thrown to its death from downtown Vancouver hotel

Housing market could rebound in 2024

Housing market could rebound in 2024
The Canadian housing market could be in for a rebound in 2024. That is the forecast coming from economists after a year of caution and shifting expectations spurred by rising borrowing costs.  

Housing market could rebound in 2024

Victim of New York bus crash identified as 74-year-old Montreal woman

Victim of New York bus crash identified as 74-year-old Montreal woman
New York State Police have identified Jeanne Elzanie Jourdan Colin, a 74-year-old Montrealer, as the person who died in a tour bus crash in Lake George, N.Y., on Friday. They say one person remains in critical condition at an Albany, N.Y., hospital.

Victim of New York bus crash identified as 74-year-old Montreal woman

Trudeau to join mourners at memorial for victims of downed plane

Trudeau to join mourners at memorial for victims of downed plane
Prime Minister Justin Trudeau will join mourners in Richmond Hill, Ont., this afternoon to mark four years since the Iranian military shot down Flight PS752. Everyone aboard was killed when Iranian officials shot down the Ukraine International Airlines jetliner in January 2020 shortly after its take-off from Tehran.

Trudeau to join mourners at memorial for victims of downed plane

One dead in BC helicopter crash

One dead in BC helicopter crash
The RCMP says one person has died in a helicopter crash near Revelstoke, B.C. They say the helicopter, which was first reported missing Friday, was found in Glacier National Park.

One dead in BC helicopter crash