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B.C. Provincial Government Allocates $25M for the Tourism Industry

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About CA$25 million will be allocated to fund British Columbia’s (Canada) tourism revitalization efforts. That’s according to Finance Minister Selina Robinson who presented the province’s 2022-2023 budget on February 22.

The minister added that the millions in funding provided a lifeline for more than 8,000 tourism businesses. Additional funding will provide support for non-profits impacted by the pandemic and the arts, culture, and music sector.

“This year’s budget will continue support for the tourism sector as it recovers, with CA$25 million earmarked.”

The B.C. government is expected to spend more money on childcare, climate resiliency, and health care and make capital investments in hospitals, schools, and roads, according to a release.

B.C. finished the fiscal period with a smaller deficit than was expected. It was forecasting an annual deficit of CA$9 billion, but it ended up being CA$483 million in the red, primarily because of a large tax windfall from property taxes through house sales. They are, however, anticipating a deficit for 2022-23 of CA$5.4 billion.

Robinson defended the budget’s plan to spend instead of saving. The province has decided to operate a CA$5.4-billion surplus in the budget for 2022-23 to pay for the pandemic response, unavoidable climate catastrophes, and the cost of implementing new public service labor contracts.

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Modern Campground

Modern Campground

Modern Campground is the most innovative news source in the Outdoor Hospitality industry. We provide global news coverage for RV Park and Campground owners, operators, managers, and their team members.
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Hi, you might find this article from Modern Campground interesting: B.C. Provincial Government Allocates M for the Tourism Industry! This is the link: https://moderncampground.com/canada/british-columbia/b-c-provincial-government-allocates-25m-for-the-tourism-industry/