In the first look at the province’s finances since the start of the COVID-19 pandemic, the forecasted provincial deficit was $12.5 billion.The financial snapshot was being described as an atypical forecast and is subject to considerable uncertainty and revision.“There is no question that COVID-19 has changed the way we live day to day.
But it has not changed the priorities of government,” James said in July.Based on the scenario presented in July, the province is looking at a 3.9 per cent drop in household income.The announcement will be carried live on BC1, Globalnews.ca and the Global BC Facebook page..