91大黄鸭

Skip to content

What you need to know about the B.C. government鈥檚 2023 budget

Big spending on health, community grants and ways to curb inflation
32001884_web1_CP165981783
Minister of Finance Katrine Conroy tables her first budget in the legislative assembly at legislature in Victoria, Tuesday, Feb. 28, 2023. THE CANADIAN PRESS/Chad Hipolito

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.

READ MORE:

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:

  1. $6.4 billion in new health spending, including and previously announced
  2. $317 million for policing and public safety initiatives ,including the already-announced repeat offender program
  3. $119 million for
  4. $558 million for further financial supports to income and disability assistance
  5. $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
  6. An expansion of the climate action tax credit and with further details to still be announced
  7. A 10-per-cent increase to the B.C. Family Benefit program
  8. Previously announced: , with more details coming

ALSO READ:



ashley.wadhwani@blackpress.ca

Like us on and follow us on .



About the Author: Ashley Wadhwani-Smith

I began my journalistic journey at Black Press Media as a community reporter in my hometown of Maple Ridge, B.C.
Read more



(or

91大黄鸭

) document.head.appendChild(flippScript); window.flippxp = window.flippxp || {run: []}; window.flippxp.run.push(function() { window.flippxp.registerSlot("#flipp-ux-slot-ssdaw212", "Black Press Media Standard", 1281409, [312035]); }); }