B.C.’s financial system shrank in 2020 due to the COVID-19 pandemic, however the 3.4 per cent decline was smaller than initially projected.
Robinson forecast a 2020-21 price range deficit of $1.7 billion final month, though the projection didn’t incorporate the flood injury.
The federal government’s earlier deficit projection launched in September was $4.8 billion, which was additionally down from its authentic deficit forecast of $9.7 billion final spring.
This report by The Canadian Press was first printed Dec. 3, 2021.
The Canadian Press
