B.C.'s declining finances are painting a grim picture for the future if spending and borrowing guides are not exercised.
Unless economic growth improves, this situation could lead to significant tax increases and a reduction in spending to stabilize the economy, according to the report. The projected deficit represents 2.1 per cent of the GDP, greater than the 2020-21 period during the pandemic, where the deficit sat at 1.8 per cent of the GDP.
S&P Global has downgraded the province's credit rating three times in the last three years, now labelling the provincial government's bonds as "AA-" with a negative outlook.
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:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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