(Reuters) – The Canadian province of British Columbia is forecasting a C$12.5 billion ($9.2 billion) operating deficit in 2020/21, the province’s finance minister, Carole James, said on Tuesday.
James attributed the estimated deficit to the government’s emergency spending to support the businesses and individuals suffering from COVID-19 lockdowns and a significant drop in revenues due to the pandemic.
(Reporting by Moira Warburton in Toronto; Editing by Chris Reese)
