The province's private-sector investment per worker was $11,300—the lowest level in Canada and 47 per cent below the national average.
The average Nova Scotia family will pay more than 44 per cent of their income on taxes this year.
Seventy-five per cent of survey respondents said uncertainty around protected areas was a deterrent to investment.
The province's spending is projected to increase by $664 million over the next three years.
At last update, the province’s budget deficit was $440 million for 2021-22.
Since 1999, the provincial government increased health-care spending by more than 78 per cent.
Last year was the first in at least 25 years that the province derived no revenue from petroleum royalties.
Government accounted for 61.6 per cent of all economic activity in the province.
High rates can influence people’s decisions on where to work or start new businesses.