B.C. projected deficit rises to $13.8 billion amid wildfire and tariff pressures

9/15/2026

British Columbia deficit climbs to $13.8 billion as tariffs hit See how wildfire costs and rising exports shape B.C.'s outlook

British Columbia now expects a $13.8billion deficit in 2026/27, almost $500 million higher than the amount projected in February, according to Finance Minister Josie Osborne. Osborne said the firstquarter fiscal update reflects the impact of U.S. tariffs, wildfirerelated costs and higher spending on tax credits. Wildfire spending is now estimated at about $850 million this year, which is far above the original estimate. The province also said exports to markets outside the United States have increased, and international tourism has grown. Osborne said B.C. is still expected to see stable economic growth, with real GDP projected to rise in 2026 and 2027.