Yesterday, Finance Minister Colin Hansen told reporters provincial government revenues have eroded by more than $2 billion since June. But, as reported by The Times Colonist's Rob Shaw, "It's unclear what that means for the provincial deficit. Hansen has said the deficit will be 'significantly' larger than the $495 million promised in the February budget. He offered no updated figure yesterday." But could it be that figure is $2.5 billion or higher? Perhaps it could even be around $2.8 billion? And could it also be the government will soon announce that figure?
August 20, 2009