This holiday season, all of our Supporters are entered to win an $800 Shopping Spree Giveaway!

VICTORIA — British Columbia’s strong economic performance will be a major part of today’s fiscal update, but the finance minister says she’ll also issue cautions about inflation pressures and rising interest rates.

Selina Robinson says the numbers she presents as part of the province’s quarterly budget update will show an economy continuing to grow despite the ongoing COVID-19 pandemic.

The minister’s last update in September forecasted a budget surplus for the current fiscal year of $706 million.

Robinson’s update comes a week after the swearing-in of new Premier David Eby, who has already made several spending announcements adding up to more than $1 billion.

Eby promised to spend millions for more RCMP officers, initiated a public safety campaign and has arranged a $100 credit for residents on their electricity bill from the Crown utility. 

The premier has said the B.C. economy is doing well and the province’s budget can cover the cost of his latest plans. 

This report by The Canadian Press was first published Nov. 25, 2022.

The Canadian Press

Report an error

Read our guiding principles

Thanks for reading!

This holiday season, we want to give back to the people who have supported us this year!

We have partnered with local businesses to create an $800 Shopping Spree Giveaway! One of our Supporters will win the giveaway on December 2 and anyone who becomes one by December 1 will be entered to win as well.

More stories you might like

Avatar photo

The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms. subscribes to Canadian Press articles about British Columbia news and Energy news.