April 23rd, 2024

Here’s a look at the 2024 B.C. budget, by the numbers

By The Canadian Press on February 22, 2024.

Finance Minister Katrine Conroy tables the budget in the legislative assembly in Victoria on Thursday, Feb. 22, 2024. THE CANADIAN PRESS/Chad Hipolito

VICTORIA – British Columbia Finance Minister Katrine Conroy has delivered an election-year budget that includes benefits for families and businesses as well as an increased deficit. Here are some of its key numbers and estimates:

$7.9 billion: 2024/2025 deficit

34 per cent: Deficit increase

0.8 per cent: 2024 real GDP growth

$445: Average BC Family Benefit bonus

$270 million: Three-year Increase in cancer spending

$68 million: Cost of providing free in-vitro fertilization over three years

$1 million: New payroll threshold for Employers Health Tax, up from $500,000

50,490: Record number of housing starts in 2023

10,000: Jobs per year over the next decade to boost the electricity grid

$123 billion: Total provincial debt

89 per cent: Increase in three-year taxpayer-funded capital spending, versus previous three years

This report by The Canadian Press was first published Feb. 22, 2024.

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