The Province supported people through a record wildfire season and a global economic slowdown in 2023-24, while continuing to build the schools, hospitals and homes people need.

More than two million families and individuals are getting more help with costs as higher Climate Action Tax Credit payments arrived in bank accounts starting Friday, July 5, 2024.

British Columbia’s economic and fiscal plan remains stable in the face of a slowing global economy and high interest rates as the Second Quarterly Report forecasts a lower deficit than in the previous fiscal update.

B.C.’s First Quarterly Report shows the province’s economy is proving resilient amid challenges, including a devastating wildfire season, high interest rates and costs, and a slowing global economy.

Despite global uncertainty, B.C. ended fiscal 2022-23 with a surplus and higher-than-expected revenue that the Province put to work helping people and communities with higher costs and growing needs.

British Columbia is well-positioned to support people through emerging global economic headwinds with preliminary numbers showing an improved fiscal forecast.