Budget 2022 reflects the choices government is making that are needed to build a stronger B.C. and make life better for people, by investing in B.C.’s economic, environmental and social strengths.

The Province is launching a bold, new long-term economic plan that moves British Columbia forward by tackling the challenges of today while growing an economy that works for more people and families.

Despite ongoing uncertainty from the COVID-19 pandemic, current forecasts show an increase in revenues and a reduction in the deficit for the 2021-22 fiscal year as British Columbia’s strong vaccination rates are supporting a swift economic recovery in many sectors.

Budget 2021 focuses on protecting people’s health and livelihoods through the pandemic, while making investments in services, infrastructure and opportunities to support a strong recovery and a brighter future for everyone.

The Fall 2020 Economic and Fiscal Update confirms the forecasted provincial deficit at $13.6 billion, which includes an additional $2 billion for new COVID-19 supports for British Columbians through B.C.’s Recovery Benefit and Recovery Supplement.