VICTORIA – The British Columbia government says it’s now projecting an $11.2 billion deficit this fiscal year, still a record but down from a projected $11.6 billion in its last quarterly report.

The Ministry of Finance says in its latest quarterly report released today that the province is projecting revenues to be $512 million more than previously forecast due to more corporate and personal income taxes.

But the report says other tax revenues are down, including $150 million less from property transfers, $100 million less in provincial sales tax, and $50 million less in tobacco tax.

Finance Minister Brenda Bailey says the province is “undoubtedly” feeling the pinch from American tariffs, and the government is focusing on new trade partners, major projects and reducing inefficiencies a

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