US EditionB.C. debt grows 50 per cent in two years to $134B despite lower-than-expected deficit
BRITISH COLUMBIA, CANADA, AUG 7 – British Columbia's debt rose 24.5% to $134 billion, driven by increased spending on climate emergencies and infrastructure despite a deficit lower than forecast, Finance Minister Brenda Bailey said.
- British Columbia's final deficit for the fiscal year is $7.3 billion, which is $564 million lower than the original projected number in Budget 2024.
- Finance Minister Brenda Bailey stated that the lower deficit is due to increased revenue from the Insurance Corporation of British Columbia.
- Total revenue for the province was about $2.5 billion higher than expected in the budget, despite a decrease in natural resource revenue.
- The province's total debt reached almost $133.9 billion, which is $2.5 billion higher than the previous year.
35 Articles
35 Articles
B.C. debt grows 50 per cent in two years to $134b despite lower-than-expected deficit
British Columbia is weighed down by rapidly growing debt despite a lower-than-forecasted deficit for 2024, something that Finance Minister Brenda Bailey said the government is working hard to address.
Sask Today
B.C. debt grows 50 per cent in two years to $134B despite lower-than-expected deficit
British Columbia is weighed down by rapidly growing debt despite a lower-than-forecasted deficit for 2024, something that Finance Minister Brenda Bailey said the government is working hard to address.
CambridgeToday.ca
burlingtontoday.comB.C.'s 2024 deficit under forecast at $7.3B but taxpayer-supported debt nears $100B
British Columbia's final deficit for the fiscal year has come in at $7.3 billion, $564 million lower than the original projected number in Budget 2024. The final deficit unveiled Thursday by Finance Minister Brenda Bailey is also about $1.
B.C. debt grows 50 per cent in two years to $134B despite lower-than-expected deficit
British Columbia is weighed down by rapidly growing debt despite a lower-than-forecasted deficit for 2024, something that Finance Minister Brenda Bailey said the government is working hard to address.
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