VICTORIA – Finance Minister Falcon has launched a new website that invites British Columbians to balance the budget for 2013-14.
The My B.C. Budget website – www.gov.bc.ca/mybcbudget – uses forecasts from Budget 2011 and the September quarterly report to let people see the effect of raising and lowering revenues and spending on the provincial budget, with the goal of eliminating the 2013-14 deficit, which was forecast in September to be $ 458 million.
Once people have achieved a balanced budget, they can send their solutions to the finance minister with their comments. The website also includes informative facts about the budget and is one of several ways the government is consulting with British Columbians in the lead-up to Budget 2012.
The government has a legislated commitment to balance the 2013-14 budget.
- British Columbia’s low debt-to-GDP ratio-a key measure of affordability- is forecast to be 17.2 per cent for 2011-12.
- B.C. is one of only three provinces with a triple-A credit rating.
- Total spending forecast in 2013-14: $ 43.63 billion (Budget 2011).
- Total revenues forecast in 2013-14: $ 43.17 billion (Budget 2011).
Visit the My B.C. Budget website at: www.gov.bc.ca/mybcbudget
Government Communications and Public Engagement
Ministry of Finance