The BC' government has chosen accounting standards that make it easier to balance the budget. That's the latest from the Auditor General. John Doyle and his staff have looked into the province's summary financial statements for the current fiscal year. His report says the province has met most of the basic requirements when it comes to financial … [Read more...]
Developing story: Auditor General says provincial deficit understated in last fiscal
December 4, 2012 by
BC’s budget deficit is nearing $1.5-billion
November 28, 2012 by
British Columbians now have a budget deficit of $ 1.47-billion. That's $ 328-million worse than predicted in the first financial quarterly report. Finance Minister Mike de Jong is blaming the increase on a delay selling Crown land in Vancouver, as well as declining revenues from property taxes and falling coal prices. Premier Christy Clark said … [Read more...]
BREAKING: BC deficit up; government plans spending cuts
September 13, 2012 by
BC'S finance minister has released the government's fiscal update for the first quarter. The deficit for the current fiscal year is projected to be higher than expected. Falling natural gas revenues are blowing a hole in the provincial budget. The deficit for this year now pegged at 1.14 billion dollars. That's 173 million dollars more than … [Read more...]
NDP Finance critic wants the deficit confusion cleared up quickly
July 26, 2012 by
The NDP's Finance critic wants clarity when it comes to BC's deficit. Bruce Ralston isn't pointing fingers but says the Public Sector Accounting Board needs to make a decision. "I think what the public expects is they expect accuracy and clarity and thats a reasonable expectation so it needs to be resolved one way or the other and … [Read more...]
BC Government reports 1.84 billion dollar deficit
July 25, 2012 by
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 $ … [Read more...]
Continuing BC deficit “likely” because of HST says Premier
August 27, 2011 by
Will the disappearance of the HST,and the revenue it produces, make a BC budget deficit more likely? Premier Christy Clark says probably. The Premier says BC got a "big pot of money" from Ottawa to bring in the HST. It's already gone to pay down part of a deficit and to fund healthcare and education. Clark says it will be a "big job" to … [Read more...]
B.C. deficit drops, but minister warns of HST uncertainty
July 19, 2011 by
B.C.'s deficit fell to $ 309 million at the end of the financial year, a sharp drop from the budgeted deficit of $ 1.7 billion, Finance Minister Kevin Falcon said ... Vancouver News latest RSS headlines - Big News Network.com … [Read more...]
