Nova Scotia generated $144M surplus last fiscal year; budget predicted $279M deficit

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Nova Scotia generated $144M surplus last fiscal year; budget predicted $279M deficit
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HALIFAX — Nova Scotia generated $422.5 million more in revenue last fiscal year compared to what was originally estimated in the budget. In the fiscal year ending March 31, 2024, the province earned a surplus of $143.

HALIFAX — Nova Scotia generated $422.5 million more in revenue last fiscal year compared to what was originally estimated in the budget.

The province's public accounts released today show that the surplus is due to higher-than-expected income and sales tax revenue, net income from government business enterprises, and federal transfers.

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