B.C.’s economy isn’t showing much “resilience” when jobs are down, unemployment is up and the economically and mathematically inept NDP has pushed the deficit to a heart-stopping $13.8 billion.

The latest fiscal update shows the deficit is now $450 million worse than forecast in Budget 2026, even as government revenues are up $789 million.

“The government is collecting more tax revenue and still can’t keep the books under control” said MLA Gavin Dew, Shadow Minister for Finance. “This update shows they have both a spending problem and a math problem.”

The economic numbers aren’t much better. Growth projections have been downgraded to an anemic 0.9% GDP increase this year. Employment is down 0.6%, while unemployment sits at 6.5%. Despite years of talk about unlocking housing supply, housing starts are down 9.3%, and home sales have fallen 6%.

“Today's fiscal update shows the NDP is continuing to spend beyond its means and pile debt onto future generations," said Hon. Kerry-Lynne Findlay, Leader of the Conservative Party of B.C. “We should be leaving our children and grandchildren a province with prosperity, good jobs and room to grow. Instead, the NDP is saddling them with a mountain of debt and little to show for it. The B.C. Conservative will keep pushing for lower spending, responsible budgets and a better deal for the next generation "

Natural gas royalties are now $531 million below the Budget 2026 forecast, including $306 million from correcting the government’s own budget calculation errors.

The Premier still hasn’t got his story straight on the natural gas royalties debacle. Eby claimed he was unaware of errors he had been told about. Economists also believe the government is underestimating the size of the failure.

“How can David Eby’s latest finance minister look British Columbians in the eye and say this fiscal update is a sign of resilience? I’m seriously concerned about the state of the books, but I’m equally concerned about the Premier’s integrity,” said Dew. “The NDP can clean up their $1.5 billion forecasting error, but that doesn’t fix David Eby’s apparent lie about what he knew and when. Both the NDP’s handling of taxpayer dollars and the Premier’s relationship with the truth are equally worrisome.”