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British Columbia is launching what’s being called a "fiscal sustainability" review of major Crown corporations including the financially troubled Insurance Corporation of B.C.

A statement from Finance Minister Carol James says independent consultants will help review financial information submitted to the province by significant Crown corporations and the broader schools, universities, colleges and health sector.

James says she expects the review will give the government a better picture of the risks, finances and forecasts of those entities to help foster long-term fiscal sustainability in planning its 2018 budget.

Other Crown corporations subject to the review include the BC Lottery Corp., BC Hydro, the Liquor Distribution Branch and BC Housing.