January 23, 2017News
MOODY’S Investors Service has confirmed British Columbia’s Aaa credit rating for the 12th year in a row, as well as a stable outlook, thanks in part to the Province’s track record of prudent fiscal planning and diversified economy leading to economic growth, Finance Minister Mike de Jong announced on Monday.
“We have maintained a focus on prudent controlled spending while attracting investment, and...
VANCOUVER – Finance Minister Michael de Jong, QC, issued the following statement today expressing condolences on behalf of the B.C. government on the passing of community volunteer and philanthropist David Holmberg, Sr., who died January 23, 2017:
“Dave built a successful business from integrity, hard work and respect that led to long-standing relationships. The values that helped build his family business, he...
January 10, 2017News
Increased home owner grant helps families with property taxes.
The threshold increase to $1.6 million helps ensure virtually everyone who received the grant last year will also receive it in 2017. The strength of the Province’s economy and sound fiscal management have put us in a position to raise the threshold by such a large amount this year to help home owners.
The Province is increasing the home owner grant...
November 29, 2016News
British Columbia’s Second Quarterly Report continues to forecast increased revenues and reduced debt, demonstrating that government’s ongoing fiscal prudence, economic diversification and debt reduction continue to have a positive impact on the provincial economy, Finance Minister Michael de Jong announced today.
Revenues are forecast to increase by $372 million in 2016-17, compared to the first quarter...
November 21, 2016News
Following B.C.’s highly successful issue of a Masala bond into the Indian offshore rupee market in September, B.C.’s Finance Minister Michael de Jong was invited to open trading at the London Stock Exchange today where the bond was listed.
de Jong was in London to celebrate B.C. becoming the first foreign government to issue a bond in the Masala market. He was joined by Alok Sharma MP, Parliamentary Under...
November 7, 2016News
It’s that time of year. Remember to get your flu shot. Thank you Kuljeet Thiara for looking after me once again.
July 14, 2016News
Standard and Poor’s has affirmed British Columbia’s AAA credit rating and stable outlook, praising the Province’s strong economy, budgetary and fiscal performance, Finance Minister Michael de Jong announced today.
The agency’s report says B.C.’s AAA rating reflects the Province’s “very strong” financial management, economy, and budgetary flexibility, adding that B.C.’s credit strengths include,...
July 13, 2016News
The hulking frame of an RJ85 “heavy” air-tanker in mid-production, and another parked on the tarmac provided the backdrop to a series of significant announcements in B.C.’s aerospace industry today, reflecting a sector that continues to grow and establish itself in markets around the world.
Finance Minister Michael de Jong, Steve Thomson, Minister of Forests, Lands and Natural Resource Operations, and Shirley Bond, Minister of Jobs, Tourism and Skills Training, were joined by...
July 12, 2016News
Promise made. Promise Kept. On February 16th, our government tabled its fourth consecutive balanced budget, defying the economic downturn that’s affecting governments nationwide.
Here’s a breakdown of Budget 2016:
Improving housing affordability:
Budget 2016 introduces new measures to improve housing affordability. Newly built homes priced up to $750,000 will be fully exempt from the Property Transfer Tax when bought by Canadian citizens or permanent residents as a...
July 9, 2016News
Strong Fiscal Management Pays Dividends
Reader-friendly, plain-language overview of Budget 2016.