B.C. books $2.9 billion budget surplus
Last Updated: Thursday, July 17, 2008 | 11:41 AM PT
The Canadian Press
Related
Internal Links
External Links
(Note: CBC does not endorse and is not responsible for the content of external sites - links will open in new window)
British Columbia's budget surplus was more than seven times higher than originally estimated last year.
The books closed on the 2007-2008 fiscal year with a surplus of $2.9 billion.
The audited financial statements for last year show the surplus is mostly due to higher tax revenues and better-than-expected earnings by the province's Crown corporations, Finance Minister Colin Hansen said Thursday in Victoria.
This is the fourth year in a row the province's books have been in the black.
Hansen's ministry also noted that the auditor general recently expressed concerns about how certain budget items were reported and recommended changes.
But the government said in a news release it would not implement the changes after consulting with government experts, other jurisdictions in Canada and an independent accounting policy advisory committee.
Share Tools
Latest British Columbia News Headlines
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Surrey RCMP seek hit-run driver
- Police are looking for a light-coloured Chrysler with damage to the driver's front side after a pedestrian was hit in Surrey, B.C., early Sunday morning. more »
- B.C. man who scaled Everest returns home
- A Vancouver man who climbed the world's highest mountain is back home and talking about the adventure. more »
- Fort Langley restaurant damaged in fire
- A sushi restaurant in Fort Langley, B.C., was damaged in a fire early Sunday morning. more »
Top News Headlines
- Canadian Pacific strikers face back-to-work legislation
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Railway strike if necessary, after both CP and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt says she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
- B.C. NDP calls for unity in fighting coast guard closure
- Surrey RCMP seek hit-run driver
- B.C. man who scaled Everest returns home
- Fort Langley restaurant damaged in fire
- Passengers' families sue for fatal B.C. plane crash
- B.C. Coast Guard Auxiliary gets new name
- Tsunami motorcycle heading to Harley museum
- Psych ward escapes worry neighbours
- Gang forum honours Surrey 6 victim

