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flag British Columbia faces a record $11.6 billion deficit in 2025-26 due to lost revenue and rising debt.

flag British Columbia's projected deficit for 2025-26 is $11.6 billion, a record high, driven by reduced revenues from the elimination of the consumer carbon tax, lower property transfer and sales taxes, natural resource income, and delayed federal funding. flag The province’s debt is expected to exceed $155 billion this year, rising to nearly $213 billion by 2027-28. flag A $2.7 billion tobacco lawsuit settlement boosted this year’s revenue, while the government maintains it is on track to meet its three-year spending targets with over $300 million in savings.

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