March 28, 2024

BC Government reports 1.84 billion dollar deficit

BC ended the fiscal year with a smaller deficit than what it had been predicting in February.
 
But at $ 1.84-billion, it’s much higher than the one reported this time last year.
 
Total government spending is $ 926-million higher than what was anticipated in the 2011 budget.
 
The reason?
 
Finance Minister Kevin Falcon says the $ 1.6-billion dollar HST repayment, which has now been fully accounted for.
 
Right now, the province’s total debt is $ 50.2-billion dollars.

CKNW Vancouver News

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