New Brunswick Fiscal Snapshot: Winter 2016
The Conference Board of Canada, 13 pages
March 4, 2016
This “fiscal snapshot” looks at the state of New Brunswick’s economy and its government’s fiscal challenges, and provides a short- and medium-term outlook for the province.
- Weak economic growth leads the province to delay a balanced budget until 2020–21.
- New tax measures announced in Budget 2016 will help revenue growth over the next three years.
- If spending falls in line with budget targets, government balance estimates could prove conservative, with a possible return to surplus as early as 2018–19.