New Brunswick's Record Deficit: $15.6B Budget
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New Brunswicks government unveils a $15.6 billion budget, projecting a record $1.4 billion deficit for 2026-2027. The massive shortfall is primarily due to soaring healthcare costs, which are increasing by $710 million or 17.4%. To counterbalance, the province plans to reduce its civil service by 12% over three years, saving approximately $100 million. Additionally, a new toll for out-of-province vehicles on the Trans Canada Highway will generate $10.4 million annually. These measures aim to balance priorities amidst fiscal pressures, but the record deficit underscores ongoing financial challenges.
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