Monday, March 23, 2020

BC Government introduces measures for economy through COVID-19 Action Plan

British Columbia Finance Minister Carole James outlining a range
of financial measures that the province is introducing towards
economic recovery in the wake of the COVID-19 pandemic

Fresh from her recent budget planning work, Finance Minister Carole James today tackled the urgent measures required to help out British Columbians during the current pandemic challenges that are arriving at a rapid pace.

“While this crisis continues, we need to make sure that people are kept safe and that vital services are available to British Columbians. That means making sure people can pay their bills, stay safe in their homes and provide for their families during this extraordinary time.” -- ” Carole James, Minister of Finance. 

At their media briefing today in Victoria, Premier John Horgan and Ms. James provided some of the key themes and elements of the provincial plan that will see 5 billion dollars in income supports, tax relief and direct funding for people businesses and services across the province.

“The COVID-19 pandemic challenges our health, our economy and our way of life. People and businesses urgently need support. Our action plan focuses on services to protect people’s health and safety, gives immediate relief to people and businesses, and plans for B.C.’s economic recovery over the long term.” -- Premier John Horgan

The plan was described as a first stop towards relief for residents and businesses will build on the Fderal government's recently announce plan and dedicate 2.8 billion dollar to help people and fund the services required to weather the crisis.

As well, another 2.2 billion will be directed to the business sector to help towards economic recovery after the outbreak.

Funding will boost critical services, offer financial support for British Columbians, support for renters, homeowners and those experiencing homelessness, students, those unable to pay month bills and those in the business sector.

The presentation of the COVID-19 Economic plan can be found below:

The full outline of what the province has in  mind can be reviewed here.

Further notes and a number of links to additional information on assistance that is available can be found here.

For a look at the wide range of announcements related to COVID-19 since January see our archive page here.

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