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B.C.'s projected deficit grows again to $9.4 billion in latest fiscal update

British Columbia's projected deficit for 2024-2025 has increased to $9.4 billion, up by $429 million from the previous estimate of $8.9 billion.
The Finance Minister, Katrine Bailey, stated that lower revenues and higher spending by health authorities contributed to the deficit rise.
B.C.’s debt is expected to reach $130 billion by the end of the fiscal year, $1.4 billion higher than previously projected.
Bailey affirmed that the government aims to make 'smart, targeted investments' rather than cut services, with $2.9 billion in new investments planned until 2027.

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True North News

B.C. projects $9.4B deficit, blowing past record-breaking 2024 budget shortfall

British Columbia’s fiscal situation has deteriorated even further, with the projected 2024/25 deficit soaring to $9.4 billion, a $1.5 billion increase from the initial record-breaking Budget 2024 forecast. The latest figures released by B.C. NDP Premier David Eby in his fall economic statement mark the largest deficit in the province’s history. Provincial debt has also risen to $130 billion, exceeding previous forecasts by $1.4 billion. Taxpaye…

3 months ago

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Sicamous Eagle Valley News

+13 Reposted by 13 other sources

B.C.'s deficit balloons by $429M to a record $9.4B: minister

B.C.'s Finance Minister Bailey also warns of tariffs wreaking havoc on provincial finances

3 months ago·Salmon Arm, Canada

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The Globe & Mail

B.C.’s projected deficit grows again to $9.4-billion in latest fiscal update

Quarterly update shows province’s debt level to reach $130-billion by the fiscal year’s end

3 months ago·Canada

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The Epoch Times

BC’s Projected Deficit Grows Again to $9.4 Billion in Latest Fiscal Update

British Columbia’s forecasted record deficit for this fiscal year has grown by another $429 million, reaching $9.4 billion. The province unveiled the latest quarterly update, the first under new Finance Minister Brenda Bailey, showing B.C.’s debt level to reach $130 billion by the fiscal year’s end, which is $1.4 billion higher than September’s projections. Bailey says in a statement that the province will see “modest” economic growth projected …

3 months ago·New York, United States

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Vancouver Sun

+3 Reposted by 3 other sources

B.C.’s projected deficit grows again to $9.4 billion in latest fiscal update

B.C.’s new finance minister said she is realistic about the economic challenges facing the province after announcing this year’s record deficit is projected to reach $9.4 billion.

3 months ago·Vancouver, Canada

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castanet.net

+16 Reposted by 16 other sources

B.C.'s projected deficit grows again to $9.4 billion in latest fiscal update

British Columbia's forecasted record deficit for this fiscal year has grown by another $429 million, reaching $9.4 billion. The province unveiled the latest quarterly update, the first under new Finance Minister Brenda Bailey, showing B.C.'s debt level to reach $130 billion by the fiscal yea...

3 months ago·Kelowna, Canada

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