B.C.’s deficit rises to nearly $13.8B after first quarter report released

B.C.’s deficit is now projected to hit a new record of nearly $13.8 billion in the 2026/27 fiscal year, up $450 million from the amount projected when the budget was released in February.
The provincial government continued to blame outside economic factors.
“B.C.’s economy is navigating a period of significant global uncertainty,” said Finance Minister Josie Osborne, who took over the role from Brenda Bailey in mid-August and presented her first fiscal update on Monday,