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B.C. Government to Present 2025-26 Provincial Budget Amid Economic Challenges
BY Connect Newsroom, Feb 28, 2025 6:35 PM - REPORT AN ERROR
The provincial government has already projected a $9 billion deficit for the current fiscal year, the largest budget deficit in Canadian history relative to the size of a provincial economy.(Photo: The Canadian Press)
The B.C. government, led by Premier David Eby, will present the provincial budget for the 2025-26 fiscal year on March 4. This budget will mark the first presented by the new Finance Minister, Brenda Bailey. Minister Bailey faces the challenge of balancing the budget as tariffs imposed by U.S. President Donald Trump continue to threaten the province’s businesses and jobs.
The provincial government has already projected a $9 billion deficit for the current fiscal year, the largest budget deficit in Canadian history relative to the size of a provincial economy.
In December, Finance Minister Brenda Bailey stated that the NDP government would focus on reducing the record deficit gradually by strengthening the economy, rather than cutting essential services. The province’s fiscal year begins on April 1 and ends on March 31.
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