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$3B shortfall challenges B.C. finance minister

Source: Canadian Broadcasting Corporation

Vancouver : Canada | 3 months ago

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Finance Minister Colin Hansen says he's working hard to fill a $3-billion hole in the provincial budget stemming from lost revenues and increased expenses. (CBC) As government revenues plunge, B.C. taxpayers should brace themselves for a "very, very difficult" budget in two weeks, Finance Minister...

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News Stories

Victoria Times-Colonist, Canada: Province amending law to allow four years ...

News Source: Androscoggin News | 3 months ago

The B.C. government will amend its own laws, again, next week to allow it to run a deficit for two years longer than it had previously promised, Finance Minister Colin Hansen said Thursday. What this means is when you start looking forward at our...
Victoria Times-Colonist, Canada: B.C. short $2 billion on revenue for last ...

News Source: Androscoggin News | 3 months ago

The B.C. government has watched more than $2 billion in revenue disappear since June, a consequence of a dramatic decline in the province's economy, the finance minister said yesterday. "In the last three months, we have seen our projected revenues...
B.C. to post deficits through 2013

News Source: The Globe and Mail | 3 months ago

From Friday's Globe and Mail Last updated on Thursday, Aug. 20, 2009 10:20PM EDT B .C.'s Finance Minister says the province will face deficits through 2013, so next week he will bring in legislation to allow deficits to be posted for two years...
Minister says B.C. to run deficits for four years - two more than promised

News Source: Macleans | 3 months ago

British Columbia's finance minister says his government will run a deficit for four years - two more than promised...The Liberals had said deficits would only last two years, and during the election campaign Premier Gordon Campbell was adamant the...
$3B shortfall challenges B.C. finance minister

News Source: Canadian Broadcasting Corporation | 3 months ago

Finance Minister Colin Hansen says he's working hard to fill a $3-billion hole in the provincial budget stemming from lost revenues and increased expenses. (CBC) As government revenues plunge, B.C. taxpayers should brace themselves for a "very, very...
Bloomberg: British Columbia May Post C$3 Billion Budget Deficit, Globe ...

News Source: Uinta County News | 3 months ago

British Columbia May Post C$3 Billion Deficit, Globe Reports Aug. 20 (Bloomberg) -- British Columbia may post a budget deficit this year of about C$3 billion ($2.7 billion), wider than an earlier government projection of C$495 million, as revenue...