B.C. sharing audited financial statements after deficit rose to $9.1B
Send this page to someone via email
Share this item on Twitter
Share this item via WhatsApp
Share this item on Facebook
The B.C. government is expected to share more information on Thursday about the state of its finances.
The province will reveal its audited financial statements for the fiscal year, beginning April 2024 and ending March 2025.
Get daily National news
Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy
B.C.'s latest budget put the deficit for that period at $9.1 billion; however, that number could change following Thursday's announcement.
In the fiscal year before, the province posted a $5 billion deficit.
For the current fiscal year, the B.C. government's budget projects a nearly $11 billion deficit.
This story will be updated after the press conference at 11 a.m.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Global News
16 hours ago
- Global News
Canada joins international partners condemning Israel's plan to take over Gaza City
Canada is joining international partners Saturday in panning Israel's plan to take control of Gaza City approved this week. In a joint statement, foreign ministers from several countries including Canada, Australia, France, Germany and the United Kingdom said they reject a decision taken by the Israeli security cabinet on Friday to launch an additional large-scale military operation in Gaza. 'It will aggravate the catastrophic humanitarian situation, endanger the lives of the hostages, and further risk the mass displacement of civilians,' the statement reads. 'The plans that the Government of Israel has announced risk violating international law.' Tweet This Click to share quote on Twitter: "The plans that the Government of Israel has announced risk violating international law." Israel's cabinet approved a plan Friday to take control of Gaza City, and the country's Foreign Ministry said the plan is not to hold Palestinian territory long-term but rather to rout Hamas. Story continues below advertisement The decision to intensify its 22-month war with Hamas has renewed international pressure pressing for an end to the conflict. 3:29 'There's nothing left to occupy': Palestinians condemn Netanyahu's decision to take control of Gaza The United Nations has called the move a dangerous escalation and warns it likely would require a large ground invasion and the displacement of tens of thousands of civilians. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Hamas-led militants triggered the war when they stormed into Israel on Oct. 7, 2023, killing around 1,200 people and abducting 251 people. Most of the hostages have been released in ceasefires or other deals but 50 remain inside Gaza. Israel believes around 20 of them to be alive. Israel's retaliatory campaign has killed more than 61,000 Palestinians, according to Gaza's Health Ministry, which does not say how many were fighters or civilians. The ministry is part of the Hamas-run government and staffed by medical professionals. Story continues below advertisement 0:46 Israel's plan to take over Gaza City is 'wrong,' puts lives of hostages at 'greater risk': Carney The UN Security Council is scheduled to hold an emergency meeting Sunday to discuss Israel's plans for a new ground operation. A meeting planned for Saturday afternoon was postponed. The UN Mission of Panama, which holds the council presidency this month, provided no details, but Saturday is the Jewish Sabbath and Israel is certain to want to speak at the meeting. The foreign ministers urge efforts to bring the conflict to an end 'through an immediate and permanent ceasefire.' That would enable humanitarian assistance to enter in ravaged area as famine is unfolding in Gaza. View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen View full screen Previous Image Next Image Close Modal Gallery The statement said Hamas must release all hostages without further delay and must ensure they are humanely treated and not subject to cruelty and humiliation. Story continues below advertisement 'The humanitarian situation in Gaza remains catastrophic,' the statement adds, calling on Israel to amend a recently implemented registration system of international humanitarian organizations to make sure they can distribute aid. On Friday, Prime Minister Mark Carney delivered a similar message, but stopped short of saying whether Canada would consider sanctions against Israel. 'We are working on multiple fronts to try to bring a level of stability to the region, then security, then peace to the region,' Carney told a news conference in Trenton, Ont. — with files from The Associated Press
Global News
20 hours ago
- Global News
B.C.'s Site C Dam project now fully online and operational
BC Hydro announced on Saturday that the Site C Dam in the province's Peace Region is now fully online and operational. All six units are in service, BC Hydro said, meaning Site C now has capacity to generate more than 1,100 megawatts of electricity and enough energy to reliably power about 500,000 homes annually. The project increases BC Hydro's total electricity supply by about eight per cent. 'The commission of Site C's final generating unit is another step forward to securing B.C.'s clean energy future,' Adrian Dix, Minister of Energy and Climate Solutions, said in a statement. 2:06 Surrey group proposes solution for Site C work camp Construction on Site C began in 2015 with the first unit coming online in October 2024. Story continues below advertisement 'Bringing the final generating unit online is a proud moment for everyone at BC Hydro,' Charlotte Mitha, BC Hydro president and CEO, said. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'Site C represents years of dedication, innovation, collaboration and overcoming challenges. Now that Site C is in full operation, it will serve our customers for the next 100 years and play a critical role in ensuring a stable and reliable electricity system.' The powerhouse and generating station, paving on access roads, final equipment commissioning and addressing any deficiencies are still projects to be completed, according to BC Hydro.
Global News
20 hours ago
- Global News
Conservative MP calls for apology to Christian singer Sean Feucht over cancellations
A Conservative MP is calling on Identity and Culture Minister Steven Guilbeault to apologize to American Christian rocker and missionary Sean Feucht after the permits for recent concerts in venues overseen by Parks Canada were revoked. Marilyn Gladu, the Opposition critic for civil liberties, says in a letter dated Friday that denying the permits did not 'preserve the principle of inclusion' but had the opposite effect in excluding Feucht and many Canadians who had planned to attend the events. Feucht describes himself as a musician, missionary, author and activist. Story continues below advertisement Having spoken out against what he calls 'gender ideology,' abortion and the LGBTQ+ community, his religious and political views have faced criticism while having grabbed the attention of U.S. President Donald Trump's administration. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy He also hosted worship concerts to protest COVID-19 restrictions and has previously visited the president for a faith briefing at the White House. Feucht ran unsuccessfully as a Republican candidate for Congress in 2020. Gladu says in her letter that regardless of whether you agree or not with Feucht's views, the Charter of Rights and Freedoms guarantees freedom of expression in Canada. A number of concerts planned in various parts of Canada were cancelled abruptly, with Feucht having to switch venues to hold them.
