The B.C. Legislature reconvened Monday to amend provincial legislation allowing the Liberal government to present a deficit budget next week.
"British Columbia is feeling the impact of global economic forces beyond our control," Finance Minister Colin Hansen said.
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“We have seen an unprecedented drop in provincial revenues. The proposed changes will allow us to make responsible choices today to build for a stronger future."
The proposed changes to the Balanced Budget and Ministerial Accountability Act will allow for deficit budgets for two years and require a balanced budget in 2011-12.
The provincial budget will be tabled on Feb. 17 and is expected to include significant government spending in an effort to boost the economy.