VICTORIA — British Columbia’s Finance Minister Brenda Bailey has handed down a budget she says will defend the province against “unjustified” U.S. tariffs.
Here’s a look at some of the budget’s key numbers and the tariffs’ projected impacts on B.C.
$10.9 billion: Estimated 2025/26 deficit, up from $9.1 billion in 2024/25
$20.2 billion: Estimated 2025/26 capital spending, up from $16 billion in 2024/25
1.8 per cent: 2025 real GDP growth, up from 1.2 per cent last year.
$110: Rebate for ICBC customers
$43 billion: Projected cumulative GDP losses by 2029 due to U.S. tariffs
45,000: Jobs lost by 2029 under tariffs
6.7 per cent: Projected unemployment in 2026 under tariffs
$1.7 billion - $3.4 billion: Potential annual revenue losses under tariffs
This report by The Canadian Press was first published March 4, 2025.
The Canadian Press
