The provincial deficit dropped by $3.3 billion to $7.7 billion in 2025/26: Bailey

Tobacco settlement drives B.C. government deficit $3.2 billion below forecast

The Government of British Columbia has ended its latest fiscal year with a significantly smaller deficit than it had projected when the 2025 provincial budget was released, helped by higher-than-expected revenues and slightly lower spending. Public Accounts for the 2025/2026 fiscal year show the BC NDP-led provincial government recorded a $7.7-billion deficit, compared with the $10.9-billion deficit originally forecast in the 2025 budget. That m…

1-time settlement 'windfall' means B.C.'s deficit last year was $3B less than expected

British Columbia's finance minister is touting a rosier than expected financial picture for last year, with a deficit of $7.7 billion instead of the projected $10.9 billion.

Tighter spending, more revenue brings B.C. deficit down to $7.7B, minister says

B.C. Finance Minister Brenda Bailey attends a blessing ceremony for the Senakw Indigenous-led housing development in Vancouver, on Friday, May 8, 2026. THE CANADIAN PRESS/Darryl Dyck VICTORIA — The British Columbia government says the final accounting for the budget year ending in March shows a deficit of $7.7 billion, more than three billion lower than forecast. The latest fiscal update from Finance Minister Brenda Bailey on Monday says the def…

B.C.'s deficit ends fiscal year $3.2 billion lower than budget - Creston Valley Advance

Turns out, B.C. spent $3.2 billion less than budgeted last year — at least when a large tobacco settlement and some delays to expensive projects are factored in. After a full accounting of the province’s 2025/26 fiscal year spending, the deficit shrank from the original $10.9 billion shortfall to a more modest $7.7 billion. The total spend for the year was a little more than $94.9 billion. While the revision includes a one-time $2.561 billion to…

B.C.'s deficit ends fiscal year $3.2 billion lower than budget - Fort St. James Caledonia Courier

Turns out, B.C. spent $3.2 billion less than budgeted last year — at least when a large tobacco settlement and some delays to expensive projects are factored in. After a full accounting of the province’s 2025/26 fiscal year spending, the deficit shrank from the original $10.9 billion shortfall to a more modest $7.7 billion. The total spend for the year was a little more than $94.9 billion. While the revision includes a one-time $2.561 billion to…

B.C.'s deficit ends fiscal year $3.2 billion lower than budget - Grand Forks Gazette

Turns out, B.C. spent $3.2 billion less than budgeted last year — at least when a large tobacco settlement and some delays to expensive projects are factored in. After a full accounting of the province’s 2025/26 fiscal year spending, the deficit shrank from the original $10.9 billion shortfall to a more modest $7.7 billion. The total spend for the year was a little more than $94.9 billion. While the revision includes a one-time $2.561 billion to…