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There are also sizeable increases for K-12 and post-secondary education, as well as money earmarked to respond to the opioid crisis and for increased mental health and addictions services. At the same time there’s a $2-billion drop in revenue, a big part of which is a drop in corporate income tax (down $1.4 billion) that’s partially offset by increased revenue from the carbon tax (up $300 million) and property tax (up $646 million). There’s also a big drop in projected transfers from the federal government, mainly because of one-time pandemic-related support year that isn’t being repeated. The bottom line is a projected deficit of $9.7 billion this year, with smaller but still large deficits to follow in the next two years. Including capital spending, by 2024 the province’s total debt is projected to grow to $127 billion, about double what it was a few years ago.

United kingdomSelina robinsonLaird cronkIglika ivanovaPaul kershawBc federation of labourUniversity of british columbiaCanadian centre for policy alternativesBritish columbiaFinance minister selinaFinance ministryCanadian centrePolicy alternativesGeneration squeezeGen squeezedஒன்றுபட்டது கிஂக்டம்