B.C. budget could plunge into deficits amidst economy getting hard hit by COVID-19

Concerns are growing the B.C. government will not be able to keep the provincial budget balanced.

Premier John Horgan says the recent drops in the stock market and drops in expected growth rates will have an impact. The province is currently projecting budget surpluses for the next three years.

“I did not want to form a government just to balance the budget. It was to deliver services for people and I said during the election campaign when those questions came that our objective was to make sure that people had what they needed to prosper and thrive in B.C. and that remains unchanged,” Horgan said.

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