B.C. Finance Minister Selina Robinson tables the budget in a speech in the legislative assembly at the provincial legislature in Victoria on April 20, 2021.British Columbia’s latest budget pledges to accelerate construction and repairs of schools, roads and hospitals, part of a job-creation and capital spending plan aimed at spurring a swift economic recovery from the impacts of the pandemic.
The budget was praised for its spending on public services, but many interest groups warn it fails to provide ways for businesses to take advantage of a strong global economic recovery. The B.C. economy contracted by 5.3 per cent last year. This year it is expected to grow by 4.4 per cent. Employment is back at prepandemic levels, and revenues are being buoyed by strong commodity prices, retail and housing sales. But the recovery has been uneven.
“We have recognized that there needs to be more supports for these businesses that are impacted by this,” she said. “There’ll be more to say in the days ahead around that.” In addition to the largest-ever infusion of capital spending, the budget will increase money for education, health, seniors care, mental health, the opioid crisis and the homelessness response.
Source: Healthcare Press (healthcarepress.net)
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