The federal and provincial governments will run combined deficits of $86 billion in 2022.
B.C.'s net debt will reach a forecasted $88.8 billion by 2024/25.
The province's spending is projected to increase by $664 million over the next three years.
In 2020/21, the provinces ran a cumulative deficit of $59.8 billion.
This year's combined projected federal and provincial government deficits total $234 billion.
This year, the 10 provinces are projected to run cumulative deficits of nearly $80 billion.
In Canada, government net debt has doubled from $1 trillion to $2 trillion.
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22.
The provincial government projects a $112 million operating deficit this year.