B.C. probing fiscal fitness of Crown corporations, schools in upcoming review
Review aims to assess the quality of financial information available before the development of the 2018 budget
The province is moving to review the fiscal fitness of Crown corporations and other provincially-funded schools, universities, colleges and health sector operations.
The public sector review was announced by finance minister Carole James, who said the information will help develop the 2018 budget and a funding plan for the next three years.
"My expectation is that the review will give [the] government a better picture of the risks, finances and fiscal forecasts," she said in a release.
"Every additional dollar that is carefully managed can be used to help make life more affordable for people."
Crown corporations under review will include:
- BC Hydro
- BC Lottery Corporation
- Liquor Distribution Branch
- Insurance Corporation of British Columbia
- BC Housing Management Commission
According to the release, the province will hire independent consultants to help assess financial information.