US EditionB.C.'s projected deficit grows to $6.7 billion for 2023-2024 fiscal year
- British Columbia's projected deficit for this fiscal year has increased to $6.7 billion due to higher wildfire costs and lower natural gas prices. The province's expenses on wildfires are $762 million higher than planned, while revenue from natural gas royalties fell by $1.2 billion.
- Despite the provincial economy performing better than expected this year with a forecasted economic growth of 1.2%, it is anticipated to slow down to just 0.8% in 2024. This is slightly over half of what was initially expected.
- The increased deficit and slower economic growth pose challenges for British Columbia's financial stability and suggest the need for budget adjustments and economic planning in the future.
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32 Articles
32 Articles
All
Left
15
Center
2
Right
1
Coverage Details
Total News Sources32
Leaning Left15Leaning Right1Center2Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
11%
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