bc budget deficit

Printer-friendly version
B.C. budget spells disaster for province’s finances

The province's net debt will reach a projected $129 billion by 2026/27—nearly triple the pre-pandemic level in 2019/20.

Printer-friendly version

With economic uncertainty as the backdrop, it was critical for the BC government to put forth a prudent budget. Finance minister Kevin Falcon acknowledged as much by reassuring British Columbians that the budget was “built on fiscal discipline” and lays a “firm foundation for the future.” Falcon even warned of the perils of additional government taxes, spending, and borrowing in the current economic environment, calling such measures “potentially catastrophic.”