Highlights of New Brunswick provincial budget

By The Canadian Press
February 7, 2017 - 9:30am

FREDERICTON — New Brunswick Finance Minister Cathy Rogers tabled an $9.4 billion budget for 2017-18 on Tuesday. Here are some of the highlights:

- A projected deficit of $192 million, with a projection of a balanced budget by 2020-21. The deficit no longer includes the contingency fund.

- The provincial debt will reach $14.4 billion by the end of March 2018, or about $19,000 for every man, woman and child in New Brunswick.

- Servicing the public debt will cost $701 million, the government's fifth highest expense.

- The province will invest an additional $56 million in education, including a doubling of the budget for daycare assistance starting Jan. 1, 2018.

- Spending is up by 3.6 per cent, while revenues being raised through taxation are up four per cent.

- Spending on tourism programs is going up almost 18 per cent, to about $60.2 million. 

 

The Canadian Press

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