B.C.’s GDP grew more than forecast in 2014, so public sector workers are getting a raise.
Under B.C.’s economic stability dividend, those workers get an extra boost if the province’s gross domestic product grows more than predicted.
Statistics Canada recently reported that the B.C. economy grew by 3.2 per cent last year, going beyond what the Economic Forecast Council called for — 2.3 per cent.
“We exceeded our own projection. But more significantly, we exceeded the projection by almost an entire percentage point of what the private sector thought growth in British Columbia would be in 2013,” says Finance Minister Mike de Jong.