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The B.C. government expects the financial fortunes of ICBC to go from “dumpster fire” to profit within the next two years, according to Tuesday’s budget documents.

It’s been just over a year since Attorney General David Eby lashed out at the former government, alleging its mismanagement of the Crown auto-insurance provider was in part responsible for a shocking and unpredicted $1.3 billion dollar loss in the financial year ending March 2018.

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At that time Eby said radical change was afoot and went on to predict the B.C. NDP/Green government would by the end of March 2019 be able to reduce the losses to $684 million.

It’s been revealed that this is not the case, and ICBC is now expected to deliver a whopping $1.18 billion loss in the current financial year.

However — according to page 28 of the budget document — for the year ending March 31, 2020 ICBC losses will be $50 million, and at the end of the 2021 financial year ICBC will make a profit of $86 million and the following year a profit of $148 million. The next provincial election is in Oct. 2021.