Listen Live

Province braces for budget deficit of $9.7 billion

Story by Catherine Garrett, Vista Radio staff

The province is projecting a $9.7 billion deficit for 2021-2022, as the focus continues to be on COVID-19 recovery.

Finance minister Selina Robinson says the deficit is lower than the $13.6 billion predicted last fall due to less government spending.

In its budget presented today (Tuesday), the province is looking at spending $3.5 billion more than last year.

Spending has been allocated to build schools and hospitals, as well as transit and roads, Robinson says, which will create over 85,000 jobs.

$3.1 billion will be earmarked for healthcare, including $500 million for the ongoing overdose crisis.

There will be $900 million in new funding for testing, contact tracing, personal protective equipment, and the vaccine rollout, and the B.C. Recovery Benefit will also continue.

“Through the adversity we have faced in the last year, we have witnessed the resilience of British Columbians time and again as communities rose to the challenge of COVID-19. As we continue to roll out the largest vaccination effort in our province’s history, we can see the light at the end of the tunnel,” said Robinson.

“We know a recovery won’t happen overnight, but by focusing on the things that matter most to people, we can ensure there are better days ahead for everyone.”

Reducing emissions through an additional $506 million in CleanBC investments will also be a priority.

The province also plans to continue addressing systemic racism in healthcare, which it says ensures Indigenous peoples have access to culturally appropriate care.

In addition, 400 more spaces will be created through the Aboriginal Head Start program that provides culturally relevant child care for Indigenous families.

Robinson predicts GDP growth to reach 4.4 percent this year, and slightly lower in 2022 at 3.8 percent.

Wage enhancement for early childhood educators will go up by $4 an hour, and more families will have access to $10 a day daycare.

Starting in September, public transportation will be free for children 12 and under.

One-hundred new campsites will be added every year, starting in 2022, and $120 million will be spent to help the tourism sector, including grants to help prepare for future visitors through new infrastructure like trails and airport improvements.

Continue Reading

cfcp Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Wind warning in effect Tuesday for majority of Vancouver Island, Sunshine Coast

A vigorous frontal system is bringing heavy wind and rain to much of the B.C. coast today.

Keep the scares spooky, not shocking, says BC Hydro

BC Hydro is urging residents to keep electrical safety in mind with their Halloween displays. The post Keep the scares spooky, not shocking, says BC Hydro appeared first on AM 1150.

First Nation rebukes B.C. leaders over ‘misleading’ statements about Richmond title ruling

The Quw'utsun Nation says recent comments about their land title case from Premier David Eby, Richmond’s mayor and other politicians are “at best, misleading, and at worst, deliberately inflammatory.” The post First Nation rebukes B.C. leaders over ‘misleading’ statements about Richmond title ruling appeared first on AM 1150.

BCGEU members head back to work as they vote on tentative agreement

Public service workers with the the B.C. General Employees Union (BCGEU) are back on the job Monday after the union and the province reached a tentative agreement over the weekend.  The post BCGEU members head back to work as they vote on tentative agreement appeared first on AM 1150.

Lake Trail School’s Repair Cafe returns in November

A popular event hosted by the Lake Trail Community Education Society (LTCES) is returning for its fourth year. 
- Advertisement -