N.S. Liberal government bucks trend, promises back-to-back balanced budgets
HALIFAX — Nova Scotia’s Liberal government is committing to a balanced budget for 2017-18 — its second straight year in the black, as red ink keeps flowing in other East Coast provinces.
Randy Delorey confirmed during a speech to the Halifax Chamber of Commerce Tuesday that the April 27 budget will confirm the government has balanced its 2016-17 books, and will introduce a balanced budget for the year ahead.
“That is exciting, that is important. But one balanced budget does not fiscal sustainability make,” Delorey told the audience.
In neighbouring New Brunswick, Brian Gallant’s Liberal government has projected a $192 million deficit by the end of March 2018, while Newfoundland and Labrador is facing a $1.6 billion deficit this year and $800 million next year.