BRITISH COLUMBIA RAISES TAXES TO CUT DEFICIT
British Columbia
will raise income taxes and its small business corporate tax to
reduce the provincial budget deficit while continuing social
programs, finance minister Mel Couvelier said.
     He said the province will reduce its budget deficit to 850
mln Canadian dlrs in 1987-88 from the current year's 1.17
billion dlrs.
    Total spending is budgeted at 10.22 billion dlrs, a 4.8 pct
rise over the current year, while revenues are expected to
increase by 9.2 pct to 9.37 billion dlrs.

