N.B. records largest deficit in two decades

N.B. records largest deficit in two decades

The New Brunswick government is projecting a $837.4 million dollar deficit, the greatest in the past two decades.  According to the Department of Finance and Treasury Board (FTB), revenues are $180.5 million lower than budgeted. Expenses are $105.2 million higher than budgeted.  Nick McCann, the assistant deputy minister for FTB, said revenues are lower due […]

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 N.B. records first deficit in nearly a decade

N.B. records first deficit in nearly a decade

New Brunswick has recorded its first provincial deficit since 2016-17, according to the Liberal government. Consolidated financial statements show the province ended the 2024-25 fiscal year with a $104.4-million deficit. That was compared to a $40.9-million surplus that the previous Progressive Conservative government had budgeted for. However, it was improved compared to the nearly $400-million deficit […]

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