Revenues are expected to be $290 million higher than previously budgeted, driven primarily by population growth, the New Brunswick government reported Friday. Expenses are up by $207.9 million, mostly because of overruns in spending on social supports and health care.
Province’s growing population gets credit for improved fiscal picture
Silas Brown · CBC News
· Posted: Nov 13, 2026 10:58 AM EST | Last Updated: 1 hour ago
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In announcing the projected deficit, Finance Minister René Legacy said the New Brunswick economy is starting to see positive trends, (Michael Heenan/CBC)
A surge in personal and corporate income tax revenues has improved New Brunswick’s fiscal outlook.
The province is now projecting a $1.31 billion deficit for this fiscal year, slightly lower than the $1.39 billion forecast in March and a $347 million improvement on the first-quarter projection of almost $1.7 billion.
“We are starting to see positive trends in our economy, like steady GDP growth and stronger fiscal indicators, which shows that our approach is working to build a stronger future,” Finance Minister René Legacy said Friday in a news release.
Revenues are expected to be $290 million higher than previously budgeted,
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