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B.C.’s provincial deficit is now pegged at $11.6B and expected to grow to $12.6B next year. That record high has been laid out by Finance Minister Brenda Bailey in her first quarter report. In addition to a loss in carbon tax revenue, Bailey says the province has seen decreases in revenue sources from natural gas, mining and forestry. The government continues to lay much of the blame on the Trump tariffs. Conservative Finance Critic Peter Milobar says the real issue is fiscal mismanagement.
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