Horgan government to deliver economic update

B.C. Finance Minister Selina Robinson will today provide an update on the government's fiscal situation as legislation is being debated to provide stimulus money to B.C. households. 

VICTORIA — The British Columbia government is scheduled to update the province's financial situation today amid the COVID-19 pandemic.

The Finance Ministry's economic and fiscal update comes after it forecast a budget deficit of almost $13 billion in September.

Finance Minister Selina Robinson said last week the update will include the government's plans to release a budget next year.

The legislature is debating a bill that could see the introduction of the budget delayed from February until late April.

The legislation also includes plans to fund pandemic recovery payments of $1,000 to eligible families and $500 to individuals, which will cost about $1.7 billion.

Premier John Horgan promised to deliver the pandemic recovery funding during last October's election, which saw the New Democrats win a majority government.

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