Nova Scotia’s Progressive Conservatives are due to present their first budget since taking office today and the government has signaled it will run a deficit.
The Tories are expected to spend heavily on the province’s ailing healthcare system – a promise the party made during last summer’s election campaign.
Treasury Secretary Allan MacMaster has announced that the fiscal year 2022-23 budget will also include money for affordable housing and long-term care.
The Houston government passes several major bills but cannot escape controversy during the fall session
MacMaster said in December that the province had a surplus of $108 million for fiscal 2021-22, compared to the $553 million deficit estimated in last March’s spring budget by the former Liberal government.
The improvement was attributed to one-time increases in tax revenue and a stronger-than-expected economy due to the province’s response to COVID-19.
However, Premier Tim Houston last week warned against expecting “significant deficits for a couple of years,” adding that his administration’s original budget would “consistent with that message.”
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https://globalnews.ca/news/8717942/nova-scotias-progressive-conservative-government-tables-first-spring-budget-today/ Nova Scotia’s progressive conservative government is presenting its first spring budget today