Finance Minister Brenda Bailey and Premier David Eby at the legislature in Victoria in February. Ms. Bailey says the province’s debt is projected to be a 'manageable' $117.7-billion

The British Columbia government says it’s now projecting an $11.2-billion deficit this fiscal year, still a record but down from a projected $11.6-billion in its last quarterly report.

The Ministry of Finance revealed in its second quarterly report released Thursday that the province is projecting revenues to be $512-million more than previously forecast due to higher corporate and personal income taxes.

Finance Minister Brenda Bailey said the province’s debt is projected to be $117.7-billion, which she said is “manageable” and B.C.’s net liabilities-to-GDP ratio stands at 24 per cent, compared with 40 per c

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