Close X
Sunday, December 1, 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

Indigenous signage aims to make B.C. legislature more inclusive, accepting

Indigenous signage aims to make B.C. legislature more inclusive, accepting
The Speaker of British Columbia's legislature says the unveiling of Indigenous-themed signs outside the building is a necessary step toward opening doors that have been historically closed. Raj Chouhan says the B.C. legislature is the province's largest symbol of colonialism, but it's his priority to make the building a more welcoming and inclusive place.  

Indigenous signage aims to make B.C. legislature more inclusive, accepting

Vancouver Bright Nights extended til Jan

Vancouver Bright Nights extended til Jan
The Vancouver Park Board has two Christmas surprises for everyone who missed out on snagging the tickets for the Stanley Park Christmas Train. The Park Board says it’s releasing another 17-thousand tickets for the Bright Nights event and it’s also extending the run until January 6th due to high demand.

Vancouver Bright Nights extended til Jan

Online harms bill: Don't link boy's suicide with government actions, Trudeau says

Online harms bill: Don't link boy's suicide with government actions, Trudeau says
NDP Leader Jagmeet Singh referred to the death of the 12-year-old in Prince George, B.C., during question period today as he asked Trudeau when the Liberal government will table long-promised legislation designed to mitigate online harms. 

Online harms bill: Don't link boy's suicide with government actions, Trudeau says

Lawyer for pharma company argues against single trial in B.C. opioid damages case

Lawyer for pharma company argues against single trial in B.C. opioid damages case
A lawyer for a pharmaceutical firm says holding a single trial in British Columbia to determine damages for each province and territory related to opioid health-care costs would be a "monster of complexity." Gordon McKee, a lawyer for Janssen Inc. and Johnson & Johnson, told the B.C. Supreme Court that certifying Canadian governments as a class in their pursuit of damages against opioid makers isn't manageable or preferable compared with separate trials.   

Lawyer for pharma company argues against single trial in B.C. opioid damages case

BC needs to be winter ready

BC needs to be winter ready
The summit never happened and now Linda Annis and Daniel Fontaine want to know whether the province and Metro Vancouver have any solutions. They say if a summit had been held, a regional plan might be in place this year to avoid future problems. 

BC needs to be winter ready

Auditor general raises concerns about B.C.’s bookkeeping for 16th time

Auditor general raises concerns about B.C.’s bookkeeping for 16th time
Michael Pickup says if B.C's financial statements followed Canadian public sector accounting standards there would be about another $7 billion in the revenue column, and liabilities would have dropped by the same amount. This is the 16th time Pickup's office has "qualified" its audit report, meaning it couldn't say the financial statements were fairly presented.

Auditor general raises concerns about B.C.’s bookkeeping for 16th time