BC Solutions Budget 2006

(Vancouver) The provincial government has underestimated its revenues by $7.9 billion over the past four years and continues to low-ball projections. The government’s current “three-year fiscal plan” projects surpluses of just over $1 billion in the next two years. But more realistic estimates, using the Ministry of Finance’s own economic growth forecasts, show that the province can expect surpluses of $2.8 billion in 2006/07 and $3.9 billion in 2007/08.