British Columbia Budget Report 2016

February 16, 2016

"Balanced Budget 2016"

On February 16, 2016, Finance Minister Michael de Jong presented the province’s fourth successive balanced budget. With steady and stable growth, this budget lays out a fiscal game plan to maintain a balanced budget through to the election expected next year and beyond. 

The surplus reported for the 2015-16 fiscal year is $377 million, which is higher than the surplus of $284 million predicted in last year’s budget. Surpluses are projected to continue, with a surplus of $264 million for the 2016-17 fiscal year and $287 million for 2017-18. The provincial economy is expected to grow by 2.4% in 2016 and 2.3% in 2017.


  • Surplus of $377 million forecast for 2015-16
  • Surplus of $264 million forecast for 2016-17
  • No changes announced to personal and corporate tax rates
  • PST review announced but will not consider return to HST

Click here for our full budget report

This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our privacy statement for more information on the cookies we use and how to delete or block them.