Provincial government reduces deficit by half and invests in priorities
FREDERICTON (GNB) – The provincial government tabled its 2012-13 budget today with plans to further reduce the deficit by more than half.
The deficit will be reduced to $183 million compared to the $448-million deficit projected for 2011-12. This will be done without raising the harmonized sales tax, income or gasoline taxes, and without introducing highway tolls.
"This budget represents an important step forward in the efforts of New Brunswickers to rebuild our province," said Finance Minister Blaine Higgs. "By governing smarter, we can continue to do more with taxpayers' dollars and better focus on the needs of the people."