Bc Records Budget Surplus Of 1.3 Billion For 2021 22 Contrary To Earlier Projections Of Large Deficit

Finance Minister Selina Robinson said Tuesday that the province’s economy in 2021-22 exceeded both public and private sector forecasts. The April 2021 budget, issued during some of the darkest days of the COVID-19 pandemic, initially projected a deficit of $9.7 billion, but revenues improved throughout the year. Robinson said the improvement can be attributed to the reopening of the economy and the resulting increase in tax revenue, one-time federal contributions for COVID-19 events and disasters, higher revenue from natural resources and higher Crown Corporation profits, especially at the Insurance Corporation of BC It said in a statement that the “economic strength” shown by the surplus would be put to new inflation-fighting measures next month. The province introduced a $60 million education support fund this week to help schools expand meal programs and help families with school supplies and field trips. Robinson told a news conference that the “unexpected surplus” was a positive development, but uncertainties ranging from the global economy to COVID-19 and inflation continued to loom large. “Today is different than last year and the year before that,” Robinson said. In the statement, Robinson said that instead of implementing “cuts and austerity” amid the pandemic, the government chose to invest and it paid off. “Last year was an incredibly challenging year for British Columbians with the pandemic, coupled with devastating climate disasters,” he said. “Through the challenges we faced together, we made record investments to ensure targeted support was available to those who needed it most and to continue to build the services and infrastructure people rely on.”

title: “Bc Records Budget Surplus Of 1.3 Billion For 2021 22 Contrary To Earlier Projections Of Large Deficit Klmat” ShowToc: true date: “2022-11-13” author: “Arthur Vollmar”

Finance Minister Selina Robinson said Tuesday that the province’s economy in 2021-22 exceeded both public and private sector forecasts. The April 2021 budget, issued during some of the darkest days of the COVID-19 pandemic, initially projected a deficit of $9.7 billion, but revenues improved throughout the year. Robinson said the improvement can be attributed to the reopening of the economy and the resulting increase in tax revenue, one-time federal contributions for COVID-19 events and disasters, higher revenue from natural resources and higher Crown Corporation profits, especially at the Insurance Corporation of BC It said in a statement that the “economic strength” shown by the surplus would be put to new inflation-fighting measures next month. The province introduced a $60 million education support fund this week to help schools expand meal programs and help families with school supplies and field trips. Robinson told a news conference that the “unexpected surplus” was a positive development, but uncertainties ranging from the global economy to COVID-19 and inflation continued to loom large. “Today is different than last year and the year before that,” Robinson said. In the statement, Robinson said that instead of implementing “cuts and austerity” amid the pandemic, the government chose to invest and it paid off. “Last year was an incredibly challenging year for British Columbians with the pandemic, coupled with devastating climate disasters,” he said. “Through the challenges we faced together, we made record investments to ensure targeted support was available to those who needed it most and to continue to build the services and infrastructure people rely on.”

title: “Bc Records Budget Surplus Of 1.3 Billion For 2021 22 Contrary To Earlier Projections Of Large Deficit Klmat” ShowToc: true date: “2022-11-06” author: “Elizabeth Franklin”

Finance Minister Selina Robinson said Tuesday that the province’s economy in 2021-22 exceeded both public and private sector forecasts. The April 2021 budget, issued during some of the darkest days of the COVID-19 pandemic, initially projected a deficit of $9.7 billion, but revenues improved throughout the year. Robinson said the improvement can be attributed to the reopening of the economy and the resulting increase in tax revenue, one-time federal contributions for COVID-19 events and disasters, higher revenue from natural resources and higher Crown Corporation profits, especially at the Insurance Corporation of BC It said in a statement that the “economic strength” shown by the surplus would be put to new inflation-fighting measures next month. The province introduced a $60 million education support fund this week to help schools expand meal programs and help families with school supplies and field trips. Robinson told a news conference that the “unexpected surplus” was a positive development, but uncertainties ranging from the global economy to COVID-19 and inflation continued to loom large. “Today is different than last year and the year before that,” Robinson said. In the statement, Robinson said that instead of implementing “cuts and austerity” amid the pandemic, the government chose to invest and it paid off. “Last year was an incredibly challenging year for British Columbians with the pandemic, coupled with devastating climate disasters,” he said. “Through the challenges we faced together, we made record investments to ensure targeted support was available to those who needed it most and to continue to build the services and infrastructure people rely on.”

title: “Bc Records Budget Surplus Of 1.3 Billion For 2021 22 Contrary To Earlier Projections Of Large Deficit Klmat” ShowToc: true date: “2022-12-14” author: “Elizabeth Turner”

Finance Minister Selina Robinson said Tuesday that the province’s economy in 2021-22 exceeded both public and private sector forecasts. The April 2021 budget, issued during some of the darkest days of the COVID-19 pandemic, initially projected a deficit of $9.7 billion, but revenues improved throughout the year. Robinson said the improvement can be attributed to the reopening of the economy and the resulting increase in tax revenue, one-time federal contributions for COVID-19 events and disasters, higher revenue from natural resources and higher Crown Corporation profits, especially at the Insurance Corporation of BC It said in a statement that the “economic strength” shown by the surplus would be put to new inflation-fighting measures next month. The province introduced a $60 million education support fund this week to help schools expand meal programs and help families with school supplies and field trips. Robinson told a news conference that the “unexpected surplus” was a positive development, but uncertainties ranging from the global economy to COVID-19 and inflation continued to loom large. “Today is different than last year and the year before that,” Robinson said. In the statement, Robinson said that instead of implementing “cuts and austerity” amid the pandemic, the government chose to invest and it paid off. “Last year was an incredibly challenging year for British Columbians with the pandemic, coupled with devastating climate disasters,” he said. “Through the challenges we faced together, we made record investments to ensure targeted support was available to those who needed it most and to continue to build the services and infrastructure people rely on.”