Nova Scotia’s progressive conservative government is presenting its first spring budget today

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.

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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.

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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.”

© 2022 The Canadian Press

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

Brian Lowry

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