March 13, 2015
FREDERICTON (GNB) – The provincial government will deliver its ordinary budget on Tuesday, March 31. Finance Minister Roger Melanson made the announcement today in the legislative assembly.
“Our province needs decisive action to right its fiscal ship,” Melanson said. “It is with this goal in mind that we are currently hard at work finalizing the details of our upcoming budget.”
The province’s net debt is projected to increase by $377 million in 2014-15. As well, the provincial government continues to face a structural deficit of about $400 million.
“Our current situation is unsustainable,” Melanson said. “I look forward to delivering our government’s budget on March 31 and to setting our province on course toward a brighter, more sustainable economic future.