Finance Minister Brenda Bailey attends a press conference in Burnaby, B.C., on July 7, 2025. THE CANADIAN PRESS/Darryl Dyck
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The B.C. government is in the red to the tune of $11.6 billion and anticipates this shortfall will grow to $12.6 billion by next year.
The record high deficit forecast for the current fiscal year—$665 million more than the projections made in the February budget—was announced by Finance Minister Brenda Bailey during the Sept. 15 release of the province’s first quarter financial results.
Jennifer Cowan is a writer and editor with the Canadian edition of The Epoch Times.
