Province strengthened services, supports for people, while building B.C.

British Columbia finished the fiscal year 2024-25 with a $7. 3 billion deficit, which was $564 million lower than the forecasted amount in Budget 2024. The province prioritized investments in healthcare, bolstering the workforce and linking 229,000 residents with family doctors. Additionally, more than 1,000 new child care spaces were created, and a $400 tax credit for renters was introduced to alleviate financial pressures. B.

C. allocated a record $10. 4 billion for infrastructure, covering projects like the Mills Memorial Hospital replacement and the Broadway Subway. Minister of Finance Brenda Bailey stated that these efforts aim to create jobs and support communities amid economic challenges. The province's renewable energy initiative is expected to attract $6 billion in private investment and generate up to 2,000 jobs annually.

Despite the deficit, B. C. 's unemployment rate averaged 5. 6%, lower than the national average. The government's commitment to improving fiscal conditions while addressing climate-related disasters was also emphasized.