British Columbia’s financial growth has blown away forecasts according to the First Quarter Fiscal Report for 2018-2019.
The report, released this morning, shows BC’s surplus at a remarkable 669 million dollars, 450 million more than projected.
According to Finance Minister Carole James, the difference is due to better tax assessments and changes to real estate evaluation.
The report also shows stable GDP growth of 2.2 percent, placing BC as one of the top provinces once again.
A 15.3 percent taxpayer supported debt-to-GDP ratio also ranks the province among the best in the country.