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BC’s $1.6 billion surplus should be higher: Auditor General

BC’s Auditor General says the budget surplus announced earlier this week should have been four times higher.

Finance Minister Selina Robinson put the surplus at $1.6-billion dollars for the last fiscal year, up from a projected deficit of $9.7-billlion.

But Michael Pickup’s office says, if the province had followed generally-accepted accounting principles, that surplus should have been $6.5-billion dollars higher.

The Auditor General has protested, for years, the way the provincial government records its liabilities, expenses, and revenue.

With Files from Vista National News Wire

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