B.C. takes steps to allow for 3 years of deficit budgets

The B.C. government has introduced legislation that allows it to run deficit budgets for the next three years while the province recovers from the COVID-19 pandemic.

Finance Minister Carole James says a lot has changed since the budget was released in February and the province will be running deficits because of lower revenues and investments spent to support the economic recovery.

James wouldn’t say how large the 2020 budget deficit would be and couldn’t say how much debt the province will be accumulating, but she’ll be releasing an economic update on July 14th.

The minister says almost 600,000 people have been approved to receive the $1,000 tax-free B.C. emergency benefit.

A statement from the Health Ministry says there have been 14 new COVID-19 cases added to the number of people who have tested positive for the virus and one new death.

One-hundred and 71 people have died in the province of the 2,849 people who have tested positive.

(The Canadian Press)

Related Posts


  1. 947627 356176Im not that considerably of a internet reader to be honest but your blogs actually good, keep it up! Ill go ahead and bookmark your web site to come back down the road. Cheers 120664

  2. 652245 667496I got what you intend, saved to favorites , very decent internet website . 52859

  3. 564378 750411The book is fantastic, but this review is not exactly spot-on. Being a Superhero is more about selecting foods that heal your body, not just eating meat/dairy-free. Processed foods like those mentioned in this review arent what Alicia is trying to promote. In case you arent open to sea vegetables (and yes, Im talking sea weed), just stop at vegan. 862197


Please enter your comment!
Please enter your name here

Stay Connected


Recent Stories

Alabama Legislature gets record budgets, warnings about spending

Alabama could go into 2023 with the largest budgets in state history. But the message from two of Alabama's financial officers on Tuesday was...

Data: 97% of Shippers Set to Increase Freight Procurement Budgets In 2022 – Industrial Distribution

CHICAGO — On Jan. 19, Sleek Technologies, a provider of freight procurement automation, announced the release of its 2022 State of Freight Procurement Research Report. The...

Ep. 562 – This American city drastically increased their police budgets and murders still DOUBLED.

Mobile, Alabama did what cities across the country are doing right now, they drastically increased their police budget over the past 3 years. And...