“This could be the worst downturn experienced in our province in recent history,” said James.
The pandemic has also cost B.C. an additional $6.3 billion in lost revenue, caused by business closures and mass layoffs due to COVID-19.BC Ministry of Finance In dollar figures, it means almost $1 billion in personal income tax lost, $973 million in corporate income tax and $1.3 billion in PST. Overall, taxation revenue has fallen $4.2 billion, natural resource revenue is down $300 million and net revenue from commercial Crown income is down $1.8 billion.
James tabled legislation this month to repeal B.C.’s balanced budget law, allowing the NDP government to run deficits until 2024.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: