(British Columbia) : BC’s Finance Minister Katrine Conroy says British Columbia’s economy is expected to slow this year and next year due largely to global inflation factors and Canada’s interest rate.
She says the ministry’s latest financial outlook forecasts economic growth of one per cent this year and less than one per cent for 2024.
Conroy says this year’s budget deficit projection is expected to drop by about 1.1 billion-dollars from September’s deficit estimate of 6.7 billion-dollars.
She says she will table next year’s budget February 22nd.
(The Canadian Press)