Provincial budget numbers better than forecast

The provincial government’s financial picture was better than expected in the first quarter, with the year-end deficit projected to be $4.8 billion — about half of what was initially forecast five months ago in the 2021 budget.

The Chamber recently presented to BC’s Select Standing Committee on Finance and Government Services to advocate for policies that will help grow the economy and allow the province to return to budget surpluses.

The updated numbers show that BC’s economy is rebounding, and that the province has the capacity to continue helping hard hit sectors, such as tourism and transportation, until they can fully participate in the recovery.