Finance Minister John Lohr says the deficit has been cut because the Nova Scotia government expects to collect $642-million more in revenue in the 2024-25 fiscal year
The Nova Scotia government is forecasting a deficit of $247.5-million for the current fiscal year – an improvement of almost $220-million compared to what was estimated in last February’s budget.
However, Lohr says revenue growth will be offset by an increase in expenses of $440.6-million from the budget estimate, mainly due to spending on health care and cost-of-living support programs.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nova Scotia election: Former NDP candidate speaks publicly after criticism for Israel postsTammy Jakeman says she regrets the November 2023 posts. 'I'm sorry that I did that,' she said.
Read more »
Nova Scotia’s three main party leaders set to debate in televised roundtableProgressive Conservative Leader Tim Houston, NDP Leader Claudia Chender and Liberal Leader Zach Churchill will debate ahead of Tuesday’s provincial election
Read more »
Liberals, NDP to blame for Nova Scotia housing crisis, says Tory Leader HoustonHALIFAX — Previous Liberal and NDP governments are to blame for Nova Scotia's housing crisis, Progressive Conservative Leader Tim Houston said Wednesday on the campaign trail, boasting that his party's plan to build more homes is bearing fruit.
Read more »
Safety board calls for changes two years after Nova Scotia fisherman's death at seaHALIFAX — An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry.
Read more »
Nova Scotia Tory leader Houston strives to balance combative and personable sidesElected party leader in 2018, Tim Houston became premier three years later when the Tories won a majority.
Read more »
Safety board calls for changes two years after Nova Scotia fisherman’s death at seaAn investigation into how the Canadian Coast Guard responded to a vessel in distress raises questions about why one fisherman died after a towing operation went awry.
Read more »