B.C. NDP's 2025 Budget Deficit
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current fiscal planvancouversun
•Business
Business & Economics
B.C. Budget 2025: How today's budget will impact you
72% Informative
The B.C. NDP's 2025 budget is projecting a record $10.9 billion deficit in 2025 and a near-doubling of taxpayer supported debt over the next three years .
A modest $5.7 billion increase in spending over the course of the plan is primarily concentrated in health care.
As expected, the NDP ’s promised grocery rebate was nowhere to be found, with the government announcing it could no longer afford the expense.
The tax is scheduled to be increased by another $15 per tonne on April 1 .
For now, the province is moving forward as if the revenue from the tax will keep flowing.
The top two candidates for the federal Liberal leadership, Mark Carney and Chrystia Freeland , both promised to scrap the tax.
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Informative language
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semi-formal
Language
English
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