BC releases budget for 2023

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British Columbia Finance Minister Katrine Conroy delivered her first budget this week, Stronger BC, for everyone. The BC Government has allocated $8.7 billion more in operating funding and will run deficits totalling $11 billion over the course of the fiscal plan. Capital spending on critical infrastructure, such as schools, transit, roads and hospitals, will reach a record $37.5 billion while the provincial debt is forecast to be $99.5 billion at the end of 2025/26.  The budget includes $100 million in capital funding over three years to build more active transportation infrastructure across BC, $100 million in capital funding in each year of the fiscal plan to repair and replace provincial infrastructure damaged in climate emergencies, and $13.3 billion in transportation capital investments.

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