The Gallant government’s latest budget contains no new taxes or spending cuts.
The government will be increasing what it spends on healthcare by 3.3-percent, post-secondary education by 5.4-percent, 4.9-percent more for education and a whopping 17.4-percent more on tourism.
Government will be securing an additional $45 million over four years to invest in our public universities.
— Government of NB (@Gov_NB) February 7, 2017
Finance Minster Cathy Rogers is projecting a lower deficit.
“We are now projecting a deficit of $231.1-million for 2016-2017, this is an improvement of $16-million from the budgeted deficit,” she says.
The New Brunswick economy is projected to grow by .6-percent this year and Rogers says New Brunswickers have delivered a clear message on when they want a balanced budget.
“And they want us to return to balance by 2020-2020,” she says.
April 1, 2017, we will lower the Small Business Income Tax rate from 3.5 per cent to 3.0 per cent
— Government of NB (@Gov_NB) February 7, 2017
We have earmarked a $7 million per year investment in literacy programming for both children and adults.
— Government of NB (@Gov_NB) February 7, 2017
