Public-sector capital investment is pegged at $48.5 billion over the next three years.
bc government spending
The province now has the fourth-highest top personal income tax rate in Canada and the United States.
An unexpected boost in revenues temporarily forestalled rapid debt growth.
After six consecutive years of surpluses, the government ran operating deficits in 2019 and 2020.
During the restraint period, per-person spending increased by $44 per year compared to $401 from 2016/17 to 2019/20.
The provincial budget forecasts a large increase in debt over the next few years relative to the size of the economy.
The province's net debt increased in 2021/22 by $2.6 billion to reach $55.8 billion.