The province's government debt has shrunk by more than $2 billion since 2019/20.
new brunswicks finances
The province's median employment income was $3,350 lower than the Canadian average.
The province's median earnings were $29,323 compared to $41,341 in nearby Maine.
The budget projects $40 million in personal income tax relief for more than 400,000 tax filers.
Last weeks provincial budget was a heap of bad news for New Brunswickers. First they learned that they will continue to be burdened by a government with shaky finances driven by annual deficits and mushrooming debt. Topping that off, Progressive Conservative Finance Minister Blaine Higgs proposed a series of highly damaging tax increases as a way out of New Brunswicks deep fiscal hole. Unfortunately, these tax hikes will cast a dark cloud over New Brunswicks economic prospects and likely bring little revenue in return.