VICTORIA — British Columbia's public accounts have registered a surplus of $1.3 billion, in sharp contrast with a forecast deficit of almost $10 billion, as the province experienced a stronger-than-expected economic turnaround.
The audited figures showed that B.C.'s economy in 2021-22 had outperformed both public and private sector projections, Finance Minister Selina Robinson said Tuesday.
The economy"reopened faster and grew at a stronger rate" than anyone anticipated, she said."Revenues improved over the year as the economy recovered and expenses increased as government delivered further pandemic recovery programs." The province introduced a $60-million education support fund this week to help schools expand meal programs and assist families with school supplies and field-trip costs.She said last year was challenging for people in B.C. as they faced the ongoing pandemic and devastating climate disasters.
"We've been calling for relief since March," said Milobar, adding the Liberals proposed temporarily suspending gas taxes, speeding up climate action rebate payments and asking the government to deliver on its past election promise of a $400 rent rebate.
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