The province's massive budget deficit continues a trend that started well before the pandemic.
provincial budget
July 7, 2021
8:26AM
This year's combined projected federal and provincial government deficits total $234 billion.
June 23, 2021
9:25AM
This year, the 10 provinces are projected to run cumulative deficits of nearly $80 billion.
June 2, 2021
10:13AM
In Canada, government net debt has doubled from $1 trillion to $2 trillion.
June 15, 2020
3:17PM
Forecasts project a -5.1 per cent decline in the province's GDP.
June 11, 2020
11:09AM
The province’s net debt will rise from $15.2 billion to nearly $17.2 billion.
June 1, 2020
11:24AM
RBC forecasts an $800 million provincial deficit this year, Scotiabank forecasts $970 million.
April 17, 2018
5:00AM
Ontario and Alberta are projecting budget deficits for years to come.
March 5, 2014
2:00AM
One item sorely missing from Finance Minister Mike de Jongs recent provincial budget was a plan to make BCs business taxes more competitive and attractive for investment.
April 10, 2013
2:00AM
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.