The British Columbia deficit forecast has grown by about $450 million to $13.8 billion, largely because of a “calculation error” on natural gas royalties.
Minister Josie Osborne, who just took over the finance portfolio last month, released the first quarterly report today showing almost $800 million more in revenue, but spending was also up.
The added revenue comes from income and sales taxes but wildfire fighting costs are projected to be $614 million more and refundable tax credits for business and renters rose by $458 million.
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The Finance Ministry says businesses are adapting to changes in global trade, with exports rising by 16 per cent to destinations like China, South Korea and India.
It says the overall value of B.C. exports increased 4.2 per cent until July 2026, mostly due to a strong demand for copper.
Natural gas royalties are $531 million lower, which includes a $306 million error from the price forecast in Budget 2026, which the government earlier called a “serious mistake” in the calculation of the price of natural gas.
Maybe some remedial math classes are in order!
Bob B,
You had better remove Eby’s Arabian goggles and take a look around you buddy.
“The Ipsos poll shows 46 per cent of British Columbians have an unfavourable impression of Findlay and 35 per cent have a very unfavourable one.” 🤣🤣🤣🤣🤣🤣🤣😉😉😉😉😉😉😉
This province is in a huge mess because of the NDP. There not fit to Govern.
Did you know that a staggering 85% of all refugees coming to Canada are Muslim? Even worse a staggering 100% of the refugees that came to Canada in the 1800’s where white Christians
Eby for the love of god would you repeal DRIPA and open this province up for business. Then use all of the health care spending on hospitals, nurses and doctors. The free loaders who are taxing our system due to mental health issues can be put into an asylum. Quit pandering to the minorites and listen more to those whose taxes are trying to keep this province afloat.
What do expect when you vote in socialists. It looks nice till you find out who pays the bills.
and people In BC keep voting these assholes in, tax and spend NDP, another PST increase coming Oct, 1 from these bandits
Can’t help but wonder how the people that run this country are doing , do they have enough to eat, can they pay their bills ???
Something tells me the defecit’s going to be even higher when all is said and done. Get ready for more taxes.
The left cant govern.Their brains do not function in a business structured capacity. This is why they are so pro-socialist,because without government handouts, they would never survive.
NDP hitting the Safe Supply again.
@Doug Breakfaust
“Isn’t it funny how these white power losers on the internet keep talking all this racist buIIshit about First Nations people being “conquered” yet the First Nations people are still thriving. If they were conquered then they wouldn’t still be here. Not only that but First Nations culture is thriving and is currently the main issue in BC politics right now. Have fun crossing the Stal̕əw̓asəm Bridge because it’s not going anywhere lol”
Hey Jay,listen ,we all know this is actually you.You are the only one here that bursts out with these irrational rants.
It’s insecurity Jay,but you can overcome it
Time to be rid of these incompetent buffoons they’ve already done irreversible damage to our province.
Isn’t it funny how these white power losers on the internet keep talking all this racist buIIshit about First Nations people being “conquered” yet the First Nations people are still thriving. If they were conquered then they wouldn’t still be here. Not only that but First Nations culture is thriving and is currently the main issue in BC politics right now. Have fun crossing the Stal̕əw̓asəm Bridge because it’s not going anywhere lol
Meanwhile, the province with the highest total debt is Ontario, while Newfoundland and Labrador has the highest debt per person, and Manitoba has the highest debt-to-GDP ratio. It’s hilarious watching the Conservatives whiners acting like BC has the highest debt in the country. Not even close losers lol
Liberal Canada may be a joke, but NDP BC is an absolute disaster
Eby a real genius inherited an 800,000 dollar surplus provided by another useless twit Horgan and in less then 3 years ballooned it to 13.8 billion and caused BCs credit rating to be down graded twice…..oh well as long as the chugs are happy.
Alfred is correct. We are probably gonna get a PST increase to cover all these govt mistakes. Anyone get fired over the “accounting error” yet? Probably not. He/she/it probably got promoted to CEO of Metro Vancouver rock replace the other idiot.
SMALL ERROR, WERE ARE A VERY EFFICIENT LIBERAL MACHINE !!! NO WORRIES, WE ARE WORKING HARD TO TAKE ALL YOUR HARD EARNED MONEY.
The gross incompetence shown by Govt is mind blowing.
Good, I fugging hate hate hate BC, hope they go belly up, literally
Being a senior what they did to the property tax deferment interest rate, i will not vote for them.
B.S. its grown more than that try 1.5 billion with there error.
I would have to say the NDP are INCOMPETENT. They are spending great grand kids money and the worst part is. They have not been born yet and they will owe money. And good ol Eby will pat everyone on the back.
and people In BC keep voting these assholes in, tax and spend NDP, another PST increase coming Oct, 1 from these bandits