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BC deficit forecast climbs to $13.8 billion

Province's first quarterly report cites calculation error on natural gas royalties and increased wildfire spending.

AI-assisted coverage comparison, editor-supervised · How this was made

Published
BC deficit forecast climbs to $13.8 billion

What this story says

  • British Columbia's deficit forecast has increased by $450 million to $13.8 billion, according to the province's first quarterly report.
  • Finance Minister Josie Osborne stated the rise is largely due to a calculation error concerning natural gas royalties.
  • Spending on wildfire response is projected to be $614 million higher than initially forecast.
  • Tax credits for businesses and renters increased by $458 million.

Who covered it

Left 66%(19)Centre 34%(10)Right 0%(0)

Percentages are shares of the 29 outlets carrying a published leaning rating. 4 of the 33 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .

Trust

76/100

Craft

95/100

Hype

15/100

33 sources · methodology

Thin on the right so far

None of the 29 outlets with a published leaning rating that ran this story are rated right.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

The British Columbia deficit forecast has grown by $450 million to $13.8 billion, as detailed in the province's first quarterly report. Finance Minister Josie Osborne attributed the increase primarily to a calculation error related to natural gas royalties. Spending on wildfire fighting is also projected to be $614 million higher than initially estimated. Additionally, tax credits for businesses and renters saw an increase of $458 million.

Disagreement on the scale of the royalty error

While the province's first quarterly report indicates a calculation error on natural gas royalties, the exact scale of this error differs in reporting. The Ministry of Finance stated that lower projected royalties reflect lower prices and a $306 million error in the price forecast from Budget 2026. However, CBC News reported that the budgeting error, which came to light recently, resulted from four separate mistakes in projecting natural gas royalties and that Osborne believes the overestimate will be closer to $800 million over five years, not $1.5 billion.

What the coverage left out

No right-rated reports mentioned the province's forecast for real GDP growth, which was projected at 0.9 percent in 2026 and 1.9 percent in 2027. Additionally, the specific figure of $306 million, cited by the Ministry of Finance as an error in the natural gas price forecast from Budget 2026, was not mentioned in the left-rated digests.

Still developing. We have re-checked which outlets are covering this 5 times, most recently on 15 Sept 2026, 02:15, and will add the sides that appear.

How other outlets pictured it

Which photograph to run is each newsroom’s own choice. The leaning beside a name is that outlet’s published rating, not a claim that the pictures divide along it. Every picture is shown from the outlet’s own server and links to the article it ran in.

Minister of Finance Josie Osborne provides B.C.'s latest quarterly financial report on Monday. (Mike McArthur/CBC)
CBC NewsLeft

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

19 rated outlets

  • Left-rated reports led on the increase in the deficit forecast and the reasons behind it. Multiple outlets stated the deficit had grown by $450 million to $13.8 billion, largely due to a "calculation error" on natural gas royalties. Some reports also highlighted that this situation was described by one critic as a "fiscal crisis." The increase in wildfire spending and tax credits was also noted. For example, The Interior News reported that the $450 million increase was more than initially estimated at budget time. Bowen Island Undercurrent and Rocky Mountain Outlook also carried digests stating the deficit had grown by $450 million to $13.8 billion, largely because of a "calculation error" on natural gas royalties, in a situation one critic describes as a state of "fiscal crisis."

Centre

10 rated outlets

  • Centre-rated reports focused on the rise in the deficit forecast and the primary reasons cited by Finance Minister Josie Osborne. These reports consistently stated the deficit had grown by $450 million to $13.8 billion, largely due to a "calculation error" on natural gas royalties. The increased wildfire spending and the rise in tax credits were also mentioned. For instance, CTV News reported that the increase was largely due to a "calculation error" on natural gas royalties, with wildfire fighting costs projected to be $614 million more. Chek News and CFJC Today Kamloops both reported that Minister Josie Osborne released the first quarterly report showing the deficit had grown by about $450 million to $13.8 billion, largely because of a "calculation error" on natural gas royalties.

Right

0 rated outlets

No outlet rated right has run this story so far. We are still checking, and will say plainly if that does not change.

Questions about this coverage

How did the left and right cover BC deficit forecast climbs to $13.8 billion?
Of the 29 outlets on this story carrying a published leaning rating, 66% are rated left, 34% are rated centre, 0% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 33. The sections above set out what each side emphasised, in its own terms.
Is BC deficit forecast climbs to $13.8 billion left or right?
Neither side dominates it. Of the 29 rated outlets on this story, 66% are rated left, 34% are rated centre, 0% are rated right, and no side holds the 70% this site would want before calling a field one-sided. A story is not left or right in any case; the outlets that carried it are what carry ratings.
Is the coverage of BC deficit forecast climbs to $13.8 billion biased?
BC deficit forecast climbs to $13.8 billion is one event reported by 33 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
Which side is not reporting BC deficit forecast climbs to $13.8 billion?
When we first saw this story, outlets rated right had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
Which outlets covered BC deficit forecast climbs to $13.8 billion?
33 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
How much has BC's deficit forecast increased?
The British Columbia deficit forecast has increased by $450 million, bringing the total projected deficit to $13.8 billion. This figure represents the province's first quarterly report for the fiscal year.
What are the main reasons for the deficit increase?
The primary reason cited for the deficit increase is a calculation error concerning natural gas royalties. Additionally, higher-than-expected spending on wildfire response and an increase in tax credits for businesses and renters have contributed to the rise.
What is the projected GDP growth for BC?
The province expects real GDP to grow by 0.9 percent in 2026 and 1.9 percent in 2027. This projection was included in the first quarterly report which detailed the updated deficit forecast.

Read it at the source

33 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.

Left

19
Show 11 more

Centre

10
Show 2 more

Right

0

No outlet in this group ran the story.

Not rated

4

How did this read?

About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.

BC Deficit Forecast $13.8 Billion | MediaBias News