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Home / 2017 / Government undertakes fiscal sustainability review

Government undertakes fiscal sustainability review

Government undertakes fiscal sustainability review

To help inform the development of Budget 2018 and the next three-year fiscal plan, Finance Minister Carole James announced a review of financial information submitted to the Province by specific Crown corporations and the broader schools, universities, colleges, and health (SUCH) sector.

Independent consultants have been contracted to help the BC government assess the quality of financial information built into the baseline assumptions in the budget process.

The goal of this review is to asses the information, evaluate risks and identify options that will assist the Province with developing and managing it’s overall fiscal plan.

Finance Minister Carole James says “Every additional dollar that is carefully managed can be used to help make life more affordable for people, invest in services and build a strong, sustainable economy”

The review covers selected significant Crown corporations including:

BC Lottery, BC Hydro, Insurance Corporation of BC, Liquor Distribution and BC Housing,

The review will be completed in advance of Budget 2018 in order for information to be incorporated and reflected in Budget 2018.

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