New report to show improvement in New Brunswick’s projected deficit
FREDERICTON — New figures show cost-cutting measures by the New Brunswick government are improving the province’s finances.
The province will release a first quarter report Friday and government sources tell The Canadian Press it will show a $35 million improvement in the deficit projection for 2017-2018.
The deficit is now projected at $156 million, as compared to $191.9 million when the budget was released in February.
Donald Savoie, the Canada Research Chair in public administration at the University of Moncton, said “the arrow is pointed in the right direction” and it’s important to keep moving towards surplus over the next few years.