New Brunswick anticipates nearly $200-million budget surplus, exceeding initial projections

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New Brunswick anticipates nearly $200-million budget surplus, exceeding initial projections
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FREDERICTON, N.B. — The New Brunswick government has released its first-quarter fiscal projections for 2023-2024, revealing a $199.6-million expected ...

Finance Minister Ernie Steeves says he is treating an expected $199.6-million surplus cautiously after the New Brunswick government released its first-quarter fiscal projections for 2023-2024. - FileSaltWire's Atlantic regional weather forecast for August 29, 2023 | SaltWireFREDERICTON, N.B. — The New Brunswick government has released its first-quarter fiscal projections for 2023-2024, revealing a $199.6-million expected surplus, outpacing the initially budgeted surplus of $40.3 million.

Finance Minister Ernie Steeves said that while the results are encouraging, he is not seeing the same early signs of windfalls that were seen in the last few years and is treating the surplus cautiously. Strong financial management gives us the ability to invest in priorities and continue to reduce the debt.

New Brunswick now boasts the lowest projected net debt per capita east of Saskatchewan. That fact and more are highlights in the Q1 financial results for 2023-2024.…

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