B.C.’s deficit forecast up $450M to $13.8B after calculation errors on gas royalties
World3 sources1 country🔦 Under-reported6m ago
British Columbia's deficit forecast has increased by $450 million, bringing the total projected deficit to a record-setting $13.8 billion. The upward revision is attributed primarily to calculation errors involving natural gas royalties.
The growing financial shortfall has drawn criticism regarding the province's fiscal management, with at least one critic characterizing the current situation as a state of fiscal crisis.
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How the coverage differs
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Toronto StarHighlights the broader political and economic impact using the term fiscal crisis.
Newz