The budget put forward a modest $5.7 billion increase in spending over the course of the next three years.
The 2025 B.C. budget, unveiled on March 4, 2025, projects a record $10.9 billion deficit and a near-doubling of debt over three years, driven by anticipated U.S. tariffs of 25% on Canadian goods. The budget includes a $5.7 billion spending increase over three years, with allocations for health care, education, and an ICBC rebate. It also sets aside $12 billion for contingencies due to tariff-related disruptions. The government anticipates a rise in unemployment rates, with criticism from opposition parties focusing on interprovincial trade barriers and environmental spending. The budget emphasizes protecting core services amid economic challenges posed by tariffs.
