Hefty government spending and promises to get money back into British Columbians鈥� pockets were the overarching themes of the 2023-24 provincial budget announced Tuesday (Feb. 28).
Amid a backdrop of a forecast deficit, Finance Minister Katrine Conroy said the budget will help the province weather the storm of inflation and slowing of the market.
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Economic growth is forecast to drop to 0.4 per cent in 2023, down from 2.8 per cent last year.
Some of Tuesday鈥檚 highlighted pledges include:
- $6.4 billion in new health spending, including and previously announced
- $317 million for policing and public safety initiatives ,including the already-announced repeat offender program
- $119 million for
- $558 million for further financial supports to income and disability assistance
- $4.2 billion to better housing with a bulk of the funds 鈥� $1.7 billion and $1.5 billion 鈥� for new home builds and modular housing, respectively
- An expansion of the climate action tax credit and with further details to still be announced
- A 10-per-cent increase to the B.C. Family Benefit program
- Previously announced: , with more details coming
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