British Columbia ends fiscal year with a $7.35 billion deficit, $2 billion lower than predicted, but debt rises to $133.9 billion.

British Columbia's (B.C.) fiscal year ending March 31, 2025, showed a deficit of $7.35 billion, $2 billion lower than expected. Revenue was $2.5 billion higher, mainly from tax increases, but spending rose by $1.9 billion. Despite the lower deficit, the province's total debt climbed to nearly $133.9 billion, $10 billion more than budgeted, due to strategic borrowing at favorable rates.