N.B. Deficit Soars to a Historic $1.33 Billion, More than Double Initial Projection

N.B. deficit grows to record-setting $1.3 billion

Finance Minister Rene Legacy said the province’s deficit has grown to $1.3 billion amid higher spending in health care and social development.

N.B. budget deficit soars to record $1.3 billion

The New Brunswick government’s budget deficit is projected to reach an unprecedented $1.3 billion this year, more than double what the Holt Liberals originally projected.

New Brunswick’s projected $1.3-billion deficit is highest in province’s history - New Brunswick

New Brunswick's projected deficit has ballooned by $800 million since the spring budget and now sits at $1.33 billion — making it the highest in the province's history.

N.B. deficit soars to a historic $1.33 billion, more than double initial projection

After weeks of warning, the New Brunswick government unveiled what many had been suspecting - the province’s deficit has grown to over a billion, the highest in it’s history.

New Brunswick Finances Worsen With Province Projecting a $1.3-Billion Deficit

New Brunswick’s finances have slipped further into the red, with the government now projecting a deficit of $1.33 billion. Finance Minister René Legacy released the province’s third-quarter fiscal update today showing the projected deficit is up almost $800 million from the $549-million deficit in the spring budget. The province is expecting $372.1 million less in revenue, including from reductions in corporate and personal income tax along with…

Budget update: New Brunswick finances worsen with province projecting a $1.3-billion deficit

FREDERICTON - New Brunswick’s finances have slipped further into the red, with the government now projecting a deficit of $1.33 billion.