Province Puts Magnifying Glass on Crown Corp Financial Info
Prince George, B.C. – The finances of everything from the B.C. Lottery Corporation to Universities, Colleges and the health sector will be under scrutiny as the Province has announced a complete review .
It’s all in an effort to get accurate information as the NDP government makes plans for its next budget, due in February.
The Province has hired independent consultants to assess the quality of financial information built into the baseline assumptions in the budget development process. The goal of the review is to assess the information, evaluate risks and identify options that will assist the Province with developing, monitoring and managing to its overall fiscal plan targets.
The review covers selected significant Crown corporations including:
* BC Lottery Corporation;
* BC Hydro;
* Insurance Corporation of British Columbia;
* Liquor Distribution Branch; and
* BC Housing Management Commission (including Provincial Rental Housing Corporation).
In addition, the review will include a high-level assessment of the information provided by schools, universities, colleges and the health sector through the ministries responsible for their fiscal planning, monitoring and management.