Updated B.C. budget calls for $130M in spending cuts; Slower that expected economic growth blamed for drop in government revenue

CBC News

B.C. Finance Minster Mike de Jong tabled a budget update today calling for $130 million in cuts to provincial spending over the next three years, in part to make up for lower than expected economic growth.

Ministries are being asked to find $30 million in savings this year, and a core review of all government spending is aiming to find an additional $50 million in spending reductions and efficiencies in each of the next two years.

“We are putting ministries on notice that across government we are looking for $30 million in savings this fiscal year,” said de Jong….

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