B.C. posts $704-million budget surplus for 2022-2023, say audited public accounts
- The audited public accounts of British Columbia show a surplus of over $700 million in the 2022-2023 budget year, with the province's economy growing by 3.6%.
- Finance Minister Katrine Conroy highlighted the reduction of the province's debt to $89.4 billion and the elimination of operating debt.
- Additional spending was allocated to cost-of-living supports, housing initiatives, and the shared recovery mandate for public workers.
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B.C.'s audited budget for 2022-23 shows $704M surplus, contrary to earlier forecast of $5.5B deficit
The B.C. government originally forecast a $5.5-billion deficit before revising the prediction to a surplus of almost $6 billion, then downgrading it to a $3.6-billion surplus. The audited numbers now show a surplus of $704 million.
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