The budget projects a deficit of $278.9 million this year.
nova scotia budget
Most governments across Canada have recognized that it’s unfair to collect additional tax revenue on salary adjustments.
The available data suggest that many Nova Scotians would like to see their taxes reduced.
According to projections, the province’s debt will equal $17,685 per person.
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.
The string of deficits will increase Nova Scotia’s government debt by nearly 40 per cent from 2019/20 to 2024/25.