On March 10, 2020, Finance Minister Ernie L. Steeves tabled New Brunswick’s 2020-21 budget. The Progressive Conservative minority government hopes to receive enough support for its budget in a confidence vote later this month, which could potentially result in an election if the budget is voted down.The budget projects a $92.4 million surplus in 2020-21 and sees the province’s net debt decrease further.
The net debt is currently estimated at $13.9 billion and is expected to decline by $129.3 million in 2020-21.
The estimates provided in Budget 2020 show that the province projects a surplus of $97.7 million for the 2019-20 fiscal year, an improvement of $74.6 million over the $23.1 million surplus projected for the same fiscal year in the previous budget.
From a fiscal perspective, the province projects surpluses over the next four years as follows:
This website uses cookies to provide necessary site functionality, monitor performance, give you access to products and services that are most relevant to you, and improve the online user experience. For further information about how we use cookies, please visit our Privacy Statement. For information on how to adjust your cookie preferences including how to delete cookies, please consult your browser’s “Help” function.
