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Home / 2018 / Public Accounts Budget shows $301 million surplus for BC
Public Accounts Budget shows $301 million surplus for BC
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Public Accounts Budget shows $301 million surplus for BC

Minister of Finance Carole James has released BC’s Public Accounts numbers for 2017-2018.

According to the report, BC showed an operating surplus of 301 million dollars over the time period, 55 million more than forecasted.

Government revenue also managed to increase by 571 million over the previous year.

The increases come despit a record 1.3 billion dollar loss from ICBC and a 950 million dollar adjustment to BC Hydro’s use of regulatory accounts.

BC’s tax-payer supported debt ratio of 15.6 percent not only maintains its position as one of the best in the country, but it’s also the lowest it has been in 4 years.

About Jeff Blagden

News Reporter/ Anchor. Originally from Hamilton, Ontario, Jeff has a background in sports journalism, and radio hosting. He comes most recently from his post as a morning show host in Chetwynd.

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