Close X
Tuesday, November 26, 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

Small 3.1 earthquake shakes B.C.'s southern Okanagan region

Small 3.1 earthquake shakes B.C.'s southern Okanagan region
A magnitude 3.1 earthquake was felt in parts of the British Columbia Interior Monday afternoon. Earthquakes Canada says it happened at 2:07 p.m. about seven kilometres northwest of Oliver, which is 390 kilometres east of Vancouver.  

Small 3.1 earthquake shakes B.C.'s southern Okanagan region

Private forecasters see economic growth in B.C. slowing to 0.5 per cent next year

Private forecasters see economic growth in B.C. slowing to 0.5 per cent next year
Private-sector forecasters in British Columbia say they agree with the government's recent projection that economic growth will slow next year. The Economic Forecast Council, an independent 13-member group, met Finance Minister Katrine Conroy on Monday and told her they foresee 0.5-per-cent growth in 2024, slightly below Conroy's recent forecast of 0.7 per cent.

Private forecasters see economic growth in B.C. slowing to 0.5 per cent next year

B.C. Premier Eby celebrates 'first-of-its-kind' seamless addictions care

B.C. Premier Eby celebrates 'first-of-its-kind' seamless addictions care
Eby says the model addresses people who repeatedly overdose in a way that respects their ability to make their own decisions and avoids the risk that they won't call for help if they think they might be held against their will.

B.C. Premier Eby celebrates 'first-of-its-kind' seamless addictions care

Calls intensify for Canada to bring extended family of Canadians safely out of Gaza

Calls intensify for Canada to bring extended family of Canadians safely out of Gaza
Canada has negotiated with Israel and Egypt to get approximately 600 people through the Rafah border crossing between Gaza and Egypt, as of the last update from Global Affairs. The only people who qualify are Canadians, Canadian permanent residents and people who meet the government's strict definition of an eligible family member, though there have been exceptions.

Calls intensify for Canada to bring extended family of Canadians safely out of Gaza

Targeted shooting early Monday morning in White Rock

Targeted shooting early Monday morning in White Rock
Mounties in White Rock confirm shots were fired in the city earlier today. No injuries were reported, but police say they suspect the shooting was targeted. Police are investigating a motive.

Targeted shooting early Monday morning in White Rock

Canada's grocery retail sector one of the most competitive on Earth: Sobeys CEO

Canada's grocery retail sector one of the most competitive on Earth: Sobeys CEO
Industry Minister François-Philippe Champagne announced this fall that Canada's major grocers — Loblaw, Metro, Empire, Walmart and Costco — had shared plans to tackle rising prices that included discounts, price freezes and price-matching campaigns. However, questions swirled about what exactly the grocers promised, given the details of the plans were not being shared publicly.

Canada's grocery retail sector one of the most competitive on Earth: Sobeys CEO