COVID-19 led to $321 million deficit for B.C. last fiscal year, minister says

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B.C.'s finance minister says the COVID-19 pandemic affected the province's financial results for the 2019-20 fiscal year, leading to a $321 million deficit.

In an update releasing audited statements from the 2019 budget, Carole James says "unforeseen changes" in 2019's fourth fiscal quarter led to the significant deficit.

"Despite the impacts of COVID-19, I am encouraged that B.C. continues to show positive signs, including improving employment numbers, robust capital spending and the best debt affordability in Canada."

 

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I don’t blame COVID, I blame their shit govt

Has anyone else notice that these stories have become all about the infection rate with no mention of the hospitalization rate or the death rate? I wonder why? 🤔

And that's just the start. Only saving grace for BC , all the rich people in Canada and even the world want to live here. Other than that... we are a social basket case. Where the cost of living is insane.

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