Errors including botched currency conversions led the British Columbia government to overstate its forecasted natural gas revenues by about $1.46 billion over five fiscal years, officials confirmed on Tuesday.
Senior staff with the ministries of energy and finance told a technical briefing the errors had been independently verified and corrections would be included in the province’s quarterly fiscal report expected later this month.
The briefing heard the impact on B.C.’s deficit—last pegged at $7.7 billion for fiscal year 2025-2026—would be made clear with the release of that report.
The most substantial of the errors made by staff in the Energy Ministry related to US-Canadian dollar conversions, when a formula was incorrectly applied across a spreadsheet….