By Canadian Press

By the numbers as British Columbia releases its 2025 budget

Mar 4, 2025 | 2:16 PM

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.

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$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