Victoria: British Columbia has posted a surplus of more than $700 million in the 2022-2023 budget year, according to an audited public accounting of financial records.
Finance Minister Katrine Conroy said the audited public accounts show B.C.’s economy grew by 3.6 per cent, tied for fourth highest among the provinces and equal to Canada’s national growth.
B.C.’s budget forecasts have been on an up-and-down ride for the past two years, with multiple revisions made to an original forecast of a 5.5-billion-dollar deficit.
The final numbers now show a surplus of $704 million, after a series of major “one-time investments”. — Canadian Press