The Finance and Treasury Board Minister, Ernie L. Steeves, presented on March 10, a $10.2 billion budget that reflects strategic investments in key priority areas of health care, education, and social services, and contains for the first time ever, multi-year net debt reduction targets and net debt-to-GDP targets. Furthermore, as a result of ongoing commitment to responsible fiscal management, government is now in a position to begin to lower taxes on New Brunswickers in a sustainable manner.
2020-21 budget: Responsible management leads to strategic investments, tax reductions, and decrease in net debt
FREDERICTON (GNB) – The provincial government tabled today a $10.2 billion 2020-21 budget designed to strike a balance among lowering the debt, addressing priority areas and putting money back into the pockets of New Brunswickers.
“Our 2020-21 budget demonstrates that it is possible to live within our means when you embrace solid and responsible financial management,” said Finance and Treasury Board Minister Ernie Steeves. “By maintaining fiscal discipline, we can improve and deliver high-quality public services, reduce our debt, and return some hard-earned dollars to New Brunswickers where it rightly belongs.”