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Budget 2021: Labour groups slam lack of funding for paid sick leave program
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B C budget lacks innovative drive, vision during uncertain times, say experts
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On April 20 our government released Budget 2021, a plan focused on protecting people’s health and livelihoods though the COVID-19 pandemic, while making investments that will support a strong recovery.
Through the adversity of the last year, we have witnessed the resilience of British Columbians time-and-again as communities rose to the challenge of COVID-19. I’m humbled and inspired by the incredible sacrifice and resilience shown by people in all corners of our province.
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B.C. plans a $9.7-billion deficit to build COVID recovery: minister
Dirk Meissner, The Canadian Press
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VICTORIA The British Columbia government plans to spend $8.7 billion over three years on infrastructure as well as on supports for families and businesses to help build the economic recovery from COVID-19.
Finance Minister Selina Robinson said Tuesday the deficit for the 2021-22 budget is projected to be $9.7 billion, lower than the $13.6 billion forecast last December, due to higher-than-expected revenues and lower government spending.
The budget forecasts three consecutive years of billion-dollar deficits with the provincial debt hitting almost $103 billion and the prospect of a return to balanced books in seven to nine years time, Robinson said at a news conference.
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An injection of money intended to expand housing options for middle-income families, along with what’s claimed to be the largest increase to income and disability assistance rates, were among the key elements of B.C.’s latest budget aimed at easing continuing affordability issues faced by British Columbians.
But there were no changes proposed that might address the strong demand for homes spurring a steady upward march of real estate prices around the province.
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