Finance Minister Allan MacMaster announced an increased deficit forecast of $654 million for the 2024-25 fiscal year in Nova Scotia, citing higher department spending and slowing tax revenue. This marks a concerning trend as projected revenues are expected to be $70 million less than anticipated.
Nova Scotia 's finance minister presented the province's capital plan for the upcoming fiscal year on Wednesday. Megan King has more on what was included, and what wasn't. – Feb 14, 2024In what’s become a September pattern in Nova Scotia politics, the province’s finance minister is again projecting a bigger deficit than anticipated in his spring budget.
MacMaster announced today the deficit forecast for 2024-25 has increased $187 million to $654 million on his $16.7 billion budget, due to higher department spending and a slowing flow of tax revenue.For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
Nova Scotia Deficit Finance Minister Allan Macmaster Budget Tax Revenue
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 premier repeats calls for Ottawa to pay for protecting Chignecto IsthmusHALIFAX — Nova Scotia's premier is repeating his government’s calls for Ottawa to foot the full bill to protect a vital strip of land that connects the...
Read more »
Nova Scotia’s NDP wants fresh data on doctor wait-list; number hit 160,000 in JuneThe number of people in need of a family doctor has more than doubled between the summer 2021 election campaign and June, 2024
Read more »
Nova Scotia non-profit conservation group announces its largest purchase of coastal landThe Nova Scotia Nature Trust says it has completed the purchase of Cape Negro Island, one of the province’s largest coastal islands
Read more »
Ottawa finalizes $500M bailout to Nova Scotia Power to keep rates in checkHALIFAX — Ottawa has finalized a $500-million bailout to help Nova Scotia Power keep rates from skyrocketing due to delivery delays of Muskrat Falls electricity.
Read more »
Nova Scotia Power given $1.25-million fine for failing to meet performance standardsHALIFAX — Nova Scotia Power is being fined for the third time in four years for failing to meet annual performance targets for the reliability of its energy ...
Read more »
Nova Scotia's Opposition Liberals promise free public transit if electedHALIFAX — Nova Scotia’s Opposition Liberals are promising to spend $65.6 million to make public transit free for riders across the province if they form the ...
Read more »