N.B. Budget Deficit Soars to Record High of $1.3 B

New Brunswick’s projected deficit has surpassed $1.3 billion prior to the March 17 fiscal update, increasing by almost $800 million from the projection made last March, which predicted a $549 million deficit. In the March 17 fiscal update, the Department of Finance and Treasury Board stated that revenues are projected to reach $14.24 billion, while spending is projected at $15.63 billion. This…