The audited public accounts show B.C.’s economy grew by 3.6 per cent, tied for fourth highest among the provinces and equal to Canada’s national growth, minister says
An audited public accounting of British Columbia’s financial records shows the province posted a surplus of more than $700 million in the 2022-2023 budget year.
The government’s budget forecasts have been on an up-and-down ride for the past two years, with the 2022-2023 budget originally forecast in February last year to show a $5.5-billion deficit before that was revised to a surplus of almost $6 billion, then downgraded to a $3.6-billion surplus.Conroy forecast three years of consecutive budget deficits last March, with the current 2023-2024 budget projected to bring a deficit of $4.2 billion.
Conroy said at a briefing Wednesday that the province’s debt had been reduced to $89.4 billion and operating debt had been “eliminated.”
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