Deficits and government spending highlight the 2023 British Columbia budget | National Newswatch

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Deficits and government spending highlight the 2023 British Columbia budget | National Newswatch
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VICTORIA — Here are highlights of the 2023 British Columbia budget presented Tuesday. All costs are over three years, unless otherwise stated:

$4.2 billion in new housing funding, including $1.7 billion to build more homes, $575 million for student housing, and more than $1.5 billion to reduce homelessness with modular homes and other measures. The 2022-2023 surplus is projected to be $3.6 billion. A series of deficits are then forecast: $4.2 billion in 2023-2024, $3.8 billion in 2024-2025, and $3 billion in 2025-2026.

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