Close X
Monday, November 25, 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

Fraudulent bank drafts leave 3 victims out more than 50k in valuables: Richmond RCMP

Fraudulent bank drafts leave 3 victims out more than 50k in valuables: Richmond RCMP
Residents of Richmond are being warned to stay alert after fraudulent bank drafts left three area victims short more than 50-thousand-dollars in valuables. The Mounties say the first two incidents happened on December 8th involving a woman and a man who were both selling items online.

Fraudulent bank drafts leave 3 victims out more than 50k in valuables: Richmond RCMP

Environment Canada has issued snowfall warnings in two areas of BC

Environment Canada has issued snowfall warnings in two areas of BC
Environment Canada has issued snowfall warnings in two areas of B-C. The weather agency says up to 20 centimetres of snow is forecasted for inland sections of the Central Coast region including Bella Coola.  

Environment Canada has issued snowfall warnings in two areas of BC

Trans Mountain pipeline expansion delayed for 2 years

Trans Mountain pipeline expansion delayed for 2 years
Trans Mountain is warning the completion of its pipeline expansion project through B-C may be delayed by two years due to a federal regulator decision. The company says the Canada Energy Regulator rejected a request for a pipeline variance through a 2.3-kilometre stretch of complex, hard rock conditions.

Trans Mountain pipeline expansion delayed for 2 years

House of Commons rises after tumultuous fall sitting, begins six-week winter break

House of Commons rises after tumultuous fall sitting, begins six-week winter break
The House of Commons has wrapped up its work for 2023 after an intense fall sitting, with MPs returning to their ridings for a six-week holiday break. A gun-control bill that enshrines a handgun freeze and a bill that lifts GST charges off rental developments and amends the country's competition law both crossed the finish line in Parliament this week. 

House of Commons rises after tumultuous fall sitting, begins six-week winter break

$115 M funding deal could help build 40,000 homes in Vancouver over decade: Trudeau

$115 M funding deal could help build 40,000 homes in Vancouver over decade: Trudeau
The announcement came on Friday after the Canada Mortgage and Housing Corp. said housing starts in Canada fell 22 per cent in November, with starts down 39 per cent in Vancouver. Fraser said of the Vancouver deal that the cash from the government's Housing Accelerator Fund would cut barriers to building homes and "incentivize changes" at the municipal level

$115 M funding deal could help build 40,000 homes in Vancouver over decade: Trudeau

Assault charge for RCMP sergeant over alleged incident at Coquitlam detachment

Assault charge for RCMP sergeant over alleged incident at Coquitlam detachment
An RCMP officer has been charged with assault stemming from an incident in the Coquitlam, British Columbia, detachment a year ago. The BC Prosecution Service says in a release that Sgt. Antonio Guerrero Jr. is facing one count of assault after the charge was approved on Thursday.

Assault charge for RCMP sergeant over alleged incident at Coquitlam detachment