BC government deficit to rise by $313 million
The BC government's projected deficit will rise $313 million this fiscal year to $3.1 billion due to a worsening global economy and a decrease in revenue, according to a second quarterly report released Monday.
The BC government's operating deficit for 2009-10 came in almost $1 billion lower than expected in its post-election forecast, thanks mostly to spending cuts in areas other than health care and education.